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2.56%

19.0¢ new century resources limited

have you applied your con ratio to your freight? pretty sure...

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23/01/19

18:57

Post #: 37203589
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Originally posted by ceh2009 ↑

Yes, cash flow positive requires them improving the metallurgical recovery. Hopefully improvements in recovery don’t require additional grind time, more grinding media or more reactives.

42.5% is the recovery based on them achieving between 40% and 45%. A couple of one offs at 49% I disregard.

So 42.5% recovery of 2.95% grade times $US2,500 per ton times 85% smelter payable = $26.64. That figure is not arguable.

The smelter charges $150 per concentrate ton so if the ratio is 20:1 that’s $7.50 an ore ton. That leaves $19.14.

No one is buying FOB Australia so they need to pay ocean freight. That makes it a loss right there before you’ve considered cost to mine, corporate overheads, interest on debt, actual processing costs.

You can not process a ton through a flotation circuit for
under $US10. No one does.

At these recoveries there’s simply not enough in it.

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have you applied your con ratio to your freight? pretty sure they are not paying to ship a tonne of tailings to China, even though zeezhou would attest that tailings is tailings

NCZ Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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