Which numbers Berger?
Lets start with the revenue side of the equation. As I’ve pointed out numerous times it’s 42.5% recovery x 2.95% grade x $2,500 zinc x 85% smelter payable = $26.64 profit per ore ton.
Do you agree with this? I understand that it doesn’t include penalties, smelter charges, transport etc but that’s in your favour.
So do you agree?
Ann: Quarterly Activities Report, page-25
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