Interestingly doing the numbers on NCZ today at current Zinc...

Interestingly doing the numbers on NCZ today at current Zinc prices and I come up with about 303m AUD EBIT per annum at full capacity and assuming 50% recoveries and C1 costs at 51cents a pound. 

Assuming we value the business at just 4 times EBIT then the market cap could be headed well above $2 if they keep up the recoveries and are able to ramp to full production capabilities. 

If anything in my numbers is wrong, please do let me know.