Ann: Investor Presentation January 2019, page-7

Am I understanding this correctly? Currently mining 4,000 tpm and actively ramping that up to 10,000 tpm over the next few months. Composition of mined dirt is approx 14% Zn, 2.5% Pb and 17 g/T Ag. The Zn alone, will ultimately deliver profit of around US$1,400/T (based on C3 costs of US$0.50 /lb and price of zinc around US$2,500 / T.  Ignoring the Pb and the Ag, and factoring in 90% ownership and an exchange rate of 0.72, that is around A$30 million in annualized (forward looking) profit from year end.  For a A$20 million market cap company??

The fundamentals look compelling.

So what gives? What is the market waiting to see before rerating commences? What is the lingering doubt? Am I missing something?