Read it properly. Last announcement was regularly 40-45% and now it is 45%+ (and hitting 81% of nameplate recoveries).
Great announcement in my opinion as it addresses the two major concerns I had about recoveries and potential for a CR. The new debt facility provides the company with plenty of time to finish commissioning and removes all the risk of a CR dilution. Fast forward 2-3 months from now and this is at 90-100% of nameplate recoveries, zinc price is $1.30+, the company is cash flow positive, and the AUD is still around 0.7 and this could be over $2.
NCZ Price at posting:
84.5¢ Sentiment: Hold Disclosure: Held
