RE: RE: RE: ZINC production has startedGood morning as well investmentman,
I agree with a lot of what you are saying but the fact remains, that the copper grade is becoming lower and more zinc in it. If they were confident of shipping every 6 weeks, why not order the ships to the port sooner? They used to ship once a month last year. They said they were going to ship a higher grade but less often but so far it is less often and lower grade of concentrate. The outlook will be when they show the concentrate grades shipped in the coming months.
I also believe they will have to use full capacity as grade of copper drops to keep up production until they can no longer get enough copper to ship every 6- 8 weeks- maybe in 8 months.
I think this whole exercise of slower shipments is that they KNEW they couldn't keep up the pace of one shipment a month without a zinc circuit and without running out of copper before they had another mine up and running. It seems to be a race again to have more than one mine operating at a time.
Where is all the cash from this shipment going? Cost are rising as they have to keep milling more to get the same amount out.
From a sunny southern city.