Australia's largest stock trading and investment forum Australia's #1 stock forum

NCZ

Click for more information

0.00%

$1.10 new century resources limited

Thanks Whisky

First 4 Last

Share
Profile

Follow
RockyFlintstone

39 Posts.

1

07/10/20

21:58

Post #: 47925211
Share

Originally posted by Whisky49: ↑

Basically it's a case of small scale Lab results coming up against the real world of commercial production. Any start up operation will present the most optimistic scenario as they are in the business of raising cash..

The biggest single cause of C1 costs being higher than originally expected is recovery percentage, which is well below original estimates, it's something that they have some control over and is where the focus is now, and is the main thing to watch going forward along with the ZINC price IMO.

Having said that the plant is ramping up, costs are coming down and price of ZINC $Au has been trending up although having a breather at the moment..being totally leveraged to the price of ZINC makes NCZ not a stock for the faint hearted..

Cheers Whisky

Expand

Thanks Whisky

NCZ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

First 4 Last

Add NCZ (ASX) to my watchlist

SPONSORED BY