Trainee, I'm not sure if you noticed, or if any of those that...

Trainee, I'm not sure if you noticed, or if any of those that thought your post was "great analysis" noticed, but one of your quoted "Facts" is incorrect. There has been no cash pre-payment of $27M for concentrate in the Karumba shed awaiting shipment.

There was a cash pre-payment of $9.8M for concentrate made to date. The Update does not seem to specify if this concentrate is in the Karumba shed or still at the Century Mine site. The remaining $17.4M worth is yet to be made ("October production"). The monthly update is quite clear on this.

The first highlight of the announcement "Revenue of $27.2M from zinc concentrate sales generated in September" may have confused if you didn't read the dot points underneath that make it clear that a majority of the revenue that has been booked in September is for product not yet made.

I wonder what happens if they don't make 13,000t of concentrate in October, having already sold it ?? Any ideas ??

Z