It says its concentrate and mentions they are getting between 47 and 52% concentrate lets say it is 50% so :
A$9.8 M / (9000 tonne * 50% Zn ) = A $2177 a tonne , probably sold FOB so offtaker has to pay shipping plus they have to refine it which is a cost so A$2177 seems pretty good at around 59% of Zn spot price
The ramp up is going very well , I thought this was possibly going to be a dud , but I am happy for investors and Patrick that it is working out well .
AIMHO
NCZ Price at posting:
$1.00 Sentiment: None Disclosure: Not Held