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4.8¢ consolidated zinc limited

Ann: November Production Update, page-13

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13/12/18

10:48

Post #: 36844309
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Originally posted by rarebird1971: ↑

Nothing wrong with this production update..... Didn't finish the incline bypass until well into November. They will easily mine 3000 tpm in December. Zinc prices firm and $US / $AU exchange rate still around $1.39 so plenty of profit being made even on small ore hauls. Development of shaft incline will bring ore levels even hire early to mid next year. Off-take agreement with Groupo Mexico is at market prices so no mates rates discounts. Sick of people complaining about con notes and dilution when market price right now is at a 21% discount to the last cap raise. Stephen Cupolous and Andrew Richards both tipping in $100K each at 2.4 cents. The current MC is a measly $18 million and at the levels of production from just todays announcement (NOV) the companies profit would be somewhere in the vacinity of $3 million. This is so undervalued that Dec production of 3000 tpm should see this re rate to near 5 cents IMO. Anything under 2.4 cents IMO is cheap given that the last Cap raise was to acquire another 39% of the company.

GLTAH
Cheers Rb

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Not sure how you get $3m profit from Nov's production?

Revenue est. to date:
Zinc 258t @ US$ 2,675/t = $690k / 0.72 = A$958k
Lead 50t @ US$ 1,970/t = $99k / 0.72 = A$138k

Cheers

CZL Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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