Ann: High Grade Hits in Oposura Central Zone, page-13

For some reason my table showing calculations didn’t post yesterday, attached now FYI:

The point I’m making here is that this project is very marginal. The company has used metal prices that shows a profit, but if one plugs in recent / current prices, NPV halves or falls to zero

Presumably everyone currently holding assumes the global economy will strengthen from here? The US-China tradewar will be resolved in the near term? Concerns of a slowing China economy are overblown?

Fair enough. You go against the grain, but I respect your conviction.

I’ll pose a question for you: What happens if Zn dips back to September price (or lower) as the company tries to raise capex funding? Will the company be able to borrow money if it costs more to extract each grain of mineral than the price it can be sold?