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2.29% 85.5¢ greenx metals limited

Hi Oppie,Sorry to rain on your parade but the 250,000 tonne a...

  1. Jabbar22
    71 Posts.
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    05/09/07
    11:06
    Post #: 2779979
    Hi Oppie,

    Sorry to rain on your parade but the 250,000 tonne a year operation is 250,000 tonnes of ORE throughput not ZINC. Assuming they mine the higher grade zone first (around 8.5% Zinc) and have around 90% recoveries, that implies around 19-20,000 tonnes of Zinc produced per annum

    Still like the stock though

    Cheers

    James
    PDZ Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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