Made the grade

NCZ have made the grade;

Facts

• today’s ann ‘pumping commenced’ proves the concentrate is saleable- if grade wasn’t made you don’t pump it, you reprocess it!
• ‘First revenue confirmed for this month’

Let’s speculate first revenue;

• Transport ship wunma recommission complete- 5,000 ton capacity and transports 20km offshore for likely transfer of 10,000 - 20,000 ton of Zinc. (Unlikely they hit max production of 22k ton Zn per month in first month)
• current Zinc spot price $2,400 US = $3,380 AUD
• first shipment likely $34 M - $68M

So, what does that mean for NCZ Share Price?

• Current MC $535M
• first revenue will be proven within 2 weeks
• So process plant works, pipeline works, transport vessel works
• First month revenue approx 10% of MC!!!!
• Projected costs conservative $0.38 per pound roughly 1/3 of revenue

The market is about to be staring down the barrel of a possible $500M net profit for NCZ first 12 months of operations. (At current Zinc price and lowest projected cost).

Put another way-potential $1 earning per share per annum.

With directors who collectively own 50% of the company that have stated in media and presentations that dividends are really the only way they can realise cash on their project,

I’m calling a 50 cent divi year 1