Given the revenue numbers being disclosed then they are clearly having no issues placing the material. Just because a spec doesn't meet offtake contract spec it doesn't mean it is not saleable. Given the early stage of ramp-up then it is entirely possible that they need to refine the plant operation to get the lead content down. However, the fact that they still seem to be able to place the material at good prices is hugely positive with respect to the state of the market for zinc. The negativity around this stock is incredible given the excellent delivery of this project by management to date - I don't get it.
NCZ Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
