Yep a 33% increase in throughput with a... I dunno, 10-15% drop in costs will have a huge impact on the cashflows.
Not only can NCZ now weather slightly lower prices (if necessary), but if the market digests this and decides to value NCZ on future positive cashflows (which is highly likely), it's gonna rerate hard - especially if zinc bottoms.
There are quite a few million short positions at around 19-20 so they'll be the first to get torched. No doubt they'll reapply pressure today but it only takes one solid buyer to reverse their fortune. Should be an interesting battle.
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Yep a 33% increase in throughput with a... I dunno, 10-15% drop...
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