Correct.
When the fog lifts all you have is grade x recovery x price x 85% smelter payable less mining + process + transport.
If the maths worked these blokes would be yelling from the roof tops. No better promoters in the game in my opinion. But how many times can you put lipstick on a pig?
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Originally posted by city1866
all in situ resources have a cost to extract
If the cost structure has changed, so has the value of the company. All we can do is ask the right questions at the AGM
Maybe 3 good ones are
1. What is the current recovery rate. Will you achieve the longterm 62% target
2. What is NCZ's cost per pound at current production?
3. Is the concentrate to specification?