Why is it an issue? Concentrate from commissioning is rarely on spec and usually is thrown out into the tailings dam. NCZ has sold it for $27m.
The lead clearly isn’t an issue as the coped no penalties for it being higher than spec as defined by MB (what’s high?).
They sold it into China because they got better payment terms than their existing offtakes.
I’m struggling to see what the company should have done different? To me this is just a piece of sensationalist journalism out of London to attract a story before the start of LME week. Oh no NCZ first con isn’t on spec. Doesn’t mean it can’t be sold!
People need to give this company a chance to get going. Mines don’t turn on overnight.
Why is it an issue? Concentrate from commissioning is rarely on...
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