NCZ
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0.00% $1.10 new century resources limited

Great in theory about getting over $42mil/pa from net silver...

  1. miningnut
    10,628 Posts.
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    20/05/20
    19:49
    Post #: 44735506
    Great in theory about getting over $42mil/pa from net silver receipts but I really can't get it over $17mil/pa based on about 2mil ozs/pa @ US$17.
    I don't know if you've seen the following announcement dated 25Jun19 when they scaled back the tailings operation from 15kt throughput to 12kt. But you should read pg6 where they quote the silver recovered of 11,876k ozs over the six years.
    https://www.asx.com.au/asxpdf/20190625/pdf/446345qmbjpqjg.pdf

    Also attached is my cashflow schedule if interested.
    NCZ cashflow.pdf
    NCZ Price at posting: 25.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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