Maybe, maybe not on the raising.. Directors are obviously close to Noble (biggest shareholder) and trading houses regularly provide significant advances against future shipments to secure offtake.. Zinc and Lead concentrate markets apparently remain extremely tight and you can bet Noble must be eagerly waiting for their allocation.. Commencement of production imminent, as quarterly indicated!!! Cash generation surely should be huge at indicated grades and current prices...
Pure speculation on my part, but other near term zinc producers have been doing similar deals..
Whatever, it still looks like an extremely interesting 6 months ahead. Exploration potential outlined in quarterly looks 'unreal' based upon first two campaign results..
Rock on, or should I say Zinc and Lead on!!!
DYOR..
SL1 Price at posting:
3.4¢ Sentiment: None Disclosure: Held
