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09:09
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Originally posted by miningnut:
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I honestly believe it's time for the Management to hedge the USD Zinc price for 100% of estimated production for the next two years - this will involve accepting some backwardation of the current zinc price but they still should realise at least $1.05/lb - this would ensure a very profitable margin when they're producing at a rate of 35mil lbs/month from next March which is just four months away.
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I have different other incoming info about a zinc price increase the following years but I wouldn't argue that given the state of economics of NCZ hedging at a relatively advantageous price should be a priority...
