July 2017 Wood Mackenzie report just released with prediction for Zn in 2018 of $1.76 per pound and 2019 of $1.70 per pound. That is an increase of ~30-35% on current prices. This potential and the recent drill results indicating that the head grade may be significantly greater than the published resources are clearly driving interest in the stock. It would mean the potential cashflows as outlined in the recent Sophisticated Investor report (they ran at $1.16 US) could be under-cooked and valuation re-rating potential from the investor community?
NCZ Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
