on a combined basis415k lb. of zinc (at 50% contained metal) would require 415k tons of concentrate.
415k tons*100=41.5 million dollars savings.
This equates to a 10 cents a lb in savings. This should reduce aisc by 10 cents.
This equates to about 5 cents higher eps and cf per share.
At an average eps multiple of 11-14 for midcap base metals, this should generate about 60 cents higher share price target on that basis.
I like it.