One thing is for sure...the current sp does not reflect the reality. This is either going to 5 cents or zero. LME zinc stockpiles continue to post record lows day after day. At this rate there will be no LME zinc inventory in 3 weeks. The zinc price simply has to break higher from here. I know LME levels are not definitive but are a reasonable guide. No news on the extra financing needed and no news of the company receiving any payments for Zn concentrate being shipped. As stated by others, Noble probably aren't the best off-take partner, and the silence on that front is confusing at best. Regardless, i dont think we will have to wait long for the answers. By june, if we are still above water then we definitely wont be at 1.5c.
SL1 Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held