SL1 0.00% 0.0¢ symbol mining limited

Have any of you actually done the numbers?250 tonnes of zinc...

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  1. 6 Posts.
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    Have any of you actually done the numbers?


    250 tonnes of zinc concentrate - not zinc. So lets say its 50% Zn to be really generous.

    So its only 125 t of zinc metal, worth about $312,000.  But of course they wont get that price as its concentrate, so will only get $250,000 if they are lucky.


    Then of course you have to extract the mining and transport costs and then you factor in that they own 60% of this thing!!


    Of course the market reacts poorly, those that can actually add up realise this is simply not profitable - unless they multiply this x10 and fast, this company is in trouble.

 
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Currently unlisted public company.

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