Yes. Re: 8mt processing. The most important variables in NCZ's presentations are i believe the price of zinc and the exchange rate.
Patersons just released at around 5pm their evaluation of the company
- AUD$71M NPAT in FY19
- a through put of 8.5mt per year. and this level is only reached in FY20
- exchange rate of 72 cents
- and a zinc price of FY19 USD$1.16, falling to USD$1.03 in FY22, then rising to USD$1.33 in FY23
- discount rate of 10%
- AUD$1,707m total profit with mining out til i believe FY28
They valued the company at $2.54 a share.
NCZ Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
