Australia's largest stock trading and investment forum Australia's #1 stock forum

CZL

Click for more information

0.00%

4.8¢ consolidated zinc limited

Ann: November Production Update, page-13

First 13 Last

Share
Profile

Follow
TTrader

620 Posts.

26

13/12/18

10:48

Post #: 36844309
Share

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

Expand

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

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 2 more messages in this thread...

First 13 Last

Add CZL (ASX) to my watchlist

SPONSORED BY