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News: NCZ New Century Resources Seeks Trading Halt, page-60

  1. miningnut
    10,585 Posts.
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    20/05/20
    18:06
    Post #: 44733724
    This must be a case of two errors make it right - I presume that the treatment charge must be 3ozs/t but I'll have to find that announcement.
    So 57kt of concentrate at 162g/t = 9234000grams multiply by 0.0311 = 296910ozs less treatment charge of 3ozs/t conc = 171000 deducted to give 125910 less a further 20% smelting deduction = 100728ozs @US$17/oz @ 0.685ER = $2.5mil net smelter receipt
    NCZ Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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