OTCPK:NNDIF - Post by User
Post by
ZincDink1on Nov 24, 2020 4:33pm
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Post# 31963286
Zinc concentrate will flip to surplus in 2021
Zinc concentrate will flip to surplus in 2021https://www.nasdaq.com/articles/global-zinc-concentrate-market-to-flip-to-surplus-in-2021-says-antaike-2020-11-12
Of course the brain trust will decide to go with a fixed tc of $ 200 for 2021.
We just have to make it through this next quarter. Looks like price has bottomed, by really, why should it? If we can't negotiate TC with GC properly, how will this freaking plant ever make money again?
If we don't flip to concentrate surplus, will we always be trapped at spot price? The China smelters drive down spot price for TC to well under cost, because they still can charge local producers high rates. NIF gets to take it right in the end.
I still think there is more value just scrapping the plant. We should probably have gotten on with it before management blew 10's of millions on upgrades.