Made the grade, page-2

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Goldbull22

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11/09/18

21:05

Post #: 35532959
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Originally posted by hashtagwinning ↑

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

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Your dreaming. The blue sky anticipation is gone, this will revert back to trading at close to earnings soon... not saying that it’s not going up, just reckon it’s down first
NCZ Price at posting: $1.07 Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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