Yes the zinc price has been recovering well, on 17/09/18 it hit...

Yes the zinc price has been recovering well, on 17/09/18 it hit a low of $US2285/t and today it's recovered to $2692 which is just shy of the low case in the scoping study. The study also used an exchange rate of 0.75 but as of today the exchange rate is 0.71 which basically gets the numbers back above the studies low case. Zinc is also showing very little sign of stopping it's price recovery as warehouse levels continue to decline.


From the half yearly commentary it's pretty clear that we can expect first shipment in the next few weeks, very close to go time.

"THE MACY PROJECT
Symbol made significant progress and achieved major milestones during the half-year culminating in the commencement of mining at the Macy Project subsequent to 30 June 2018. Symbol remains on track to deliver its first shipment of high-grade zinc direct shippable ore (“DSO” early in the fourth Quarter. This should enable the Company to self-fund ongoing exploration to expand the resources within the Imperial JV, plus provide significant growth opportunities by allowing the Company to secure additional tenements targeting highgrade zinc and lead deposits in H2 of 2018."

"On 28 May 2018, the Company awarded the mining contract to reputable mining contractor, P.W. Nigeria Ltd, to undertake all mining and crushing services for the Macy Open Pit deposit. The mine services contract with PW is a fixed and variable contract over Macy’s current 12-month Life of Mine and the contract comprises of all onsite mining, and crushing and screening activities over the period"

"Mine infrastructure construction progressed during the period, with the completion of medical facilities, 65-person accommodation units, mobile equipment workshop, fuel and oil storage facilities, kitchen and mess facilities and security infrastructure facilities for the increased activities associated with the drilling programs and mining activities. Several key items such as the explosive magazine, onsite laboratory and weighbridge will be completed in Q3 in preparation for first shipment. Macy operations are on track for first shipment early in Q4 and on 16 August 2018, the Company finalised agreements with specialist logistics group GMT Nigeria Limited (GMT) as Shipping Agent and Logistics Contractor to provide an integrated 1,200km pit to port haulage solution for the containerisation and export of the first shipment of high-grade zinc and lead product through the Lagos Port, the largest by volume in West Africa."