RE:RE:RE:RE:RE:RE:WowThis is an erroneous conclusion as there is 10.9 million dollars in mark2mark adjustments included in that 16M loss. Of course from a financial perspective you must account for differences in sell price vs assumed/recorded price (at time of quarterly reporting), however this is not relevant to the most important question. What must the zinc price be for Trevali to break even?
Given the increase in TC's to around 300, that would equal a break even zinc price of around 1.12.
Note this is estimated based on their current production/overhead costs and not assuming any cost reduction from their new savings initiatives (the base case).
Assuming they are moderately successful in managing their costs and that TC's are not quite as bad as 300$/tonne, then 1.04 - 1.08 zinc price may well be achievable for a break even cost.