NCZ new century resources limited
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Are you sure that formula is correct? If we used that for Q4...

  1. HairyRichard
    3,874 Posts.
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    02/05/19
    10:38
    Post #: 38370087
    Are you sure that formula is correct?
    If we used that for Q4 2018 we get an average recovery of 27%

    The figures:
    1.5mt mined @2.95% zinc
    47% grade
    25,500 concentrate

    27% just seems a bit low, however it does help explain how they got 50% more zinc from a similar amount of tailings (1.5mt vs 1.39mt this Q)
    NCZ Price at posting: 73.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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