Hi Vee, HZCP joint venture costs were up because of the capital improvements made, from memory that was part of the reason for the 'rights issue'.
Some posters claiming that 'this is a rubbish report' I'm staggered that a Tailings operation grading 3% Zinc is still profitable with the current prices for Zinc / Lead and the AUD up against the USD.
Just look at CBH & PEM as examples, ASX top 200 companies worth a few cents today because they cannot be profitable even with Millions of dollars in the bank these mid tier miners are struggling.
Time we treat this company on its merits, 'call a spade a spade'.
Regards
june 2008 qtr report, page-12
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