RE:RE:RE:My Expectation of 2022 Zinc Payable Production GuidanceI will address your sarcastic remarks in the reverse order.
In my post dated 30th May 2021 (Post# 33294104), I had predicted through proper analysis that Zinc price will reach at least $3,400 per tonne ($1.54/lb) in H2 2021. I had further predicted with 90% probability that Zinc price will actually peak anywhere between $3,600 and $3,800 per tonne in H2 2021 ($1.63/lb and $1.73/lb). Zinc price actually peaked at $3,815 per tonne on 18th October 2021 ($1.73/lb). So stop ranting "Just remember who told you that zinc would break $1.50."
People like you don't understand the concept of AISC because they are bone-headed. To cover up for their lack of understanding, they start calling names like you call the management of Trevali "Bone-Headed". You have to find fault with everything. If the management doesn't do share consolidation, it is bone-headed in your terminology. When the management does it, it has done it too late for you. If in difficult times, the management enters into hedges for survival, after seeing the Zinc prices rise beyond the hedged price, you call it a blunder.
When Ricus took over, his initial task was to ensure the survival of Trevali. He did it successfully. In the next phase, his task is to bring down the costs and increase production. He has taken/is taking 3 meaningful actions towards that:
- Sold loss making Santander mine which was anyway at the end of its life
- RP2.0 which will increase the Zinc payable production from Rosh Pinah mine by about 55 Mlbs/year and will bring down the AISC to about $0.67/lb
- ROL Pilot at Caribou with the objective of demonstrating the potential to recover zinc, lead, copper, gold, and silver as a precipitate or metal and additional zinc and lead from ore and tailings. If this Pilot is successful, it could become the next project for Trevali after RP2.0 with a huge potential of further reducing costs.
Zinc price is not always going to remain elevated. I am happy to see that Ricus is looking ahead and taking actions for the long-term survival of Trevali by bringing down onsite operating costs.
I hope you will grow up mentally and start backing up your statements with proper logic/analysis. Nobody is interested in your rantings and gut feelings.