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clock Created with Sketch. 11/12/18
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Originally posted by Jagster Trading
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Hi ceh, You come across as someone knowledgeable in the metallurgical process for zinc ores, and I appreciate that. I have a mining background myself, tho not in processing, and even I found it hard to believe that this operation was ever going to be viable at current prices. The price assumptions used in the financial models must have been a lot higher than they are currently. IDK. Are they at least getting the recoveries/yield they expected? Or is it just massive throughput? It sounds like a Smoke and Mirrors operation to me - so how did they get funding? (Tip: Short NAB).
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If you are in mining then surely you would understand that you don’t need fantastic recoveries or Head grades to make money if you current mining costs are 10% of historical mining costs?
