Fundamentals, page-94

the main Problem to NCZ is neither market timing nor the zinc prise. They totally failed and still fail to reach the estimated production costs. The Restart FS forecasted C1 cash Costs of US$0.38/lb. Even considering the higher treatment charges that should be around US$0.60/lb which would generate plenty of cashflow. For the current quarter NCZ expects C1costs of U$0,85–0,95/lb (payable metal inc. treatment charges) which will see them loosing money again.