BTR's Perkoa, from what i can find, has cost around $100m to...

BTR's Perkoa, from what i can find, has cost around $100m to build for 170,000 tonnes of zinc, in concentrate

yet Mehdiabad will cost $1.6b for 200,000 tonnes of zinc, in ingots

zinc loses around 30% of its revenue value when sold in concentrate to the smelter but this does not compensate for the massive CAPEX of Mehdiabad, planned to produce zinc ingots

imo, Mehdiabad was always a bad business decision, for both UCL and its investors