Yes it can't make money at the current zinc price of around A$1.70/lb even if they operate more than one mine there at the same time. They did state with the Jun23 Annual Statements that they didn't need to create an impairment there as the sale value of the mine was greater than the current asset book value of that asset.
I think I'd be waiting for the zinc price to improve before accepting any bids for the asset as nobody would be making money from zinc mines at the moment.
AIS Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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