MMG is a big beast, with bigger overheads. For them, they obviously see more value in developing some much bigger mines in Peru Or wherever they are in South America. A leaner operator can come in and do very well with a project like this. This is not a new idea, but has been happening for ages.
NCZ is a lean operation. Let’s not forget that MMG also contended with uneconomical zinc prices which contributed to their decision.
I see that some view the world with a rather black and white view point. Aka tailings is tailings. Perhaps a simple metaphor would be useful. Man buy milk, man drink the milk. Man throws away container because it is rubbish. But another man collects container, sees value in it, recycles the container and extracts a small profit.
Moral of the story buy NCZ, maybe double your money, and you will never have to collect recycling in the middle of the night.
Jokes aside, how good would it be if Zee bought NCZ, I would welcome him to the team, buy him a drink after each AGM.
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