ZYL have done a great job in their communication on this one. Well structured, clear,conservative and delivered as promised, not subsequent to the end of Nov.
I care a lot about profitability and I could glean the Price, Qty, Cost variables easily.
My selfish takeaways: + We are going to sell it for a higher price than reported. + We are going to sell greater volumes than reported. + We are going to make cost savings from the new Maputo port investment, and economies of scale on logistics. + As the mine transitions to UG, OpEx will shrink, and production (tonnes/a) will ramp up. + Owner-operated contractor = best financial upside, least risk.
HWK Price at posting:
4.6¢ Sentiment: LT Buy Disclosure: Held
