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Hi city, is your analysis still for the 8mt per year production?

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Cyberguy

1,486 Posts.

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02/10/18

14:44

Post #: 35965826
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Originally posted by city1866 ↑

I think, the before bond repayment profit will be higher for the year

Taking the initial $2,800 per tonne price, adding back the TC/RC (15% of in situ value) and converting back to USD per pound, you get to around $1.06.

The commodity price of zinc got down to $1.10. So there is a slight discount.

However some of their slides show a sensitivity chart for variables. I think a 10% change in the zinc commodity price was +/- $197m @ 15m tonne through put. So if the price averages $1.25 for the year, given a smooth ramp up and contrentrate levels are as described, then the profit could be another ~+$100m, or 20 cents higher

So 20 + 20 cents = 40 cents - 40% set aside for the remediation bond = 24 cents (before exploration/drilling costs/loan repayments, then there is taxes)

Heck, if they pay a dividend of 2~5 cents, I think it will have been a fantastic year

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Hi city, is your analysis still for the 8mt per year production?

NCZ Price at posting: $1.02 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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