DVP Technical Analysis, page-3281

Pardon my rude interruption. Zinc is well on its path to $3000 again. This is the level when people start to pay attention and BUY unloved zinc miners.

S32 was crucified by "Analysts" when they used a long term price of 3200 for zinc for a project that comes onto production in 2027. 3 years from now. That assumption is not looking too shabby now.

If Zinc can sustain around 2800-3000 for few months (if not higher) - Sulphur Spring will be a an absolute cracker. Trafigura would surely want in and they have shown that they are willing to put their hands in pocket to secure a juicy offtake.


Here is my Wishlist!
- Sell down 20% of WL for $100m-120m (XX% Risked NPV) - ~6months
- Take FID on WL - Sep/Oct 24
- Deploy our 'A' team to construct and commission WL - Construction complete by Jun25 and 6 months ramp up.
- Sell down 20% WL by end of this year - $120m?
- Accelerate development of Sulphur Spring with the additional funds. Shovel ready by Dec25?
- Lock in Naif/EFA funding for a portion of SS with another $100m loan from Trafigura
- Sell down 20% of SS once its fully derisked - $200m?
- Make another solid copper acquisition and aim for a total cu eq production of 100 ktpa across the 3 assets.
- We will be a $2B market cap company once WL, SS are going full steam.