AUDUSD $0.72 Avge Zn Price US$1.15 Ore mined 2.75Mt Head Grade 3.0% Recovery 48.0% Payable Production 72.48 Mlb EBITDA A$19.356m MMG payment A$13.1m Change in Cash -A$2.5m (excluding adjustments for current equity raise). Won't see massive FCF benefit this quarter due to Varde loans (Tranche 1 & 2) still on foot. One tranche eliminated with capital raise which dramatically assists current liquidity position, but not FCF generation.
IF prices continue above US$1.10 and AUDUSD stays bounded in 70-72c then will see share price move north in new year as equity position in company grows...
NCZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
