OTCPK:NNDIF - Post by User
Comment by
Bwrbhkon Nov 24, 2020 12:42pm
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Post# 31961502
RE:Zinc Rallies on Mine Disruption; Who has Leverage?
RE:Zinc Rallies on Mine Disruption; Who has Leverage?Noranda produces about 70 million lbs. of free zinc per year (the difference between what they pay the miners-85% and what they recover- 97.5%). So a $0.25/lb. change in the zinc price impacts earnings by approximately $17.5 million on an annual basis.
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