Bonies that is just pure crap. I have been warning about the...

Bonies that is just pure crap. I have been warning about the Zinc TCs for more than a year!!!! You and your other mates were in the same denial mood this time last year.

https://hotcopper.com.au/threads/expectations.4549687/page-2#post-37337333

I highlighted the risks early Feb last year (https://hotcopper.com.au/posts/37336797/single):
Potential upside
+ NCZ could undertake asset sales to avoid/reduce the size of the CR
+ Significant improvement in recoveries combined with producing within specifications

Potential downside
- Recoveries not increasing enough, producing in specification leading to difficulties in selling the concentrates
- TC for zinc concentrates rising further (lack of smelting capacity)
- Capital raising to continue producing and/or repayment of the working capital facility
- Sales exposure to Nyrstar if bondholders don’t agree to restructure

Mentioned that NCZs TCs around $300/mt last year (https://hotcopper.com.au/posts/37173931/single)

My time in the sun seems to extend over multiple years.