Expectations, page-85

Sure could be that all that however if it was just that why is NC footing the freight bill? Also, the current market commentary is indicating it is hard to sell ‘non-standard spec’ material which NC currently is and it would make a lot of sense that they need to ship it to Europe at very discounted terms as there are limited outlets that can treat the current spec.

My comment was in relation to NC producing ‘premium brand concentrate’ which it certainly is not. If it manages to get the lead significantly down and other impurities reduced to within spec then it could have a much wider market, whether that is possible is yet to be seen. It’s not all about volumes and by 15k/month viola they are cash flow positive - the volume they are producing all needs to be within salable specifications. Selling 1-2 shipments of non-standard spec may be possible but with more volume, finding a market becomes more difficult.