This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with NCZ a notable success recently.
- Net present value: US$1.034 billion (US$909 million post tax); - IRR (internal rate of return): 36% (35% post tax); - capital cost: US$514 million; - 3.3 million tonnes per annum mine rate/ production up to 200,000 tonnes per annum zinc metal; - site cost: US$0.52 per pound of zinc (payable, net of by-product credits) - mine life: 14 years (open ended and with further inferred resources that could potentially be converted to reserves); - life of mine revenue: US$6.36 billion; and - life of mine operating costs: US$3.03 billion.