RE:RE:RE:RE:Why TV still SP legging? Let me be clear - this isn't a criticism. I would definitely agree that this was the best-case scenario. I'm amazed that they were able to secure the loan from Glencore without having to surrender even more of a stake in the company.
One thing I think you might have mixed up in your terminology is profitable vs cash-flow positive. Profitable generally refers to a positive net income, which is generally a lower boundary than cash-flow positive, which takes into account debt financing and OpEx (though not always, since net income discounts depreciation, which is a non-cash expense).
For Trevali, a very significant part of their cash outflows comes from debt repayments. On the income statement, only the interest part of that is factored in. The rest appears on the cash flow statement.
I expect Trevali can probably have a positive net income at around $1.05 zinc (IE, they are profitable at that price point), but I expect they will still be losing cash (IE their cash at the end of the period will be lower than at the start). They are probably cash-flow positive at around $1.15.