I was a heavy critic on this company in the past and have lost money on it but I have to pinpoint the fact that NCZ is now trading below cash while operations cash-flow has stabilized at positive levels allowing for some exploration and development to a rich zinc area around the current (tailings) workings.
Moreover the company has secured a copper project in Tasmania plus it brought Sibanye (the african PGE/Gold giant) in the shareholding structure.
Having said that I added some ore shares at these levels (around 95c) to this debt free zinc miner, looking to hopefully one day break even.
NCZ Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
