Trevali off-site costsSantander operation's off-site costs have been ~$0.5/lb payable zinc/lead. This translates to over $500 per tonne concentrate. Considering they get something like $1000 per tonne concentrate, one could say their off-site costs are excessive.
Current zinc TC/RC should be somewhere little over $200/t. I cannot imagine trucking costs to be more than $100 per tonne, already a hefty amount. This leads me to think that TV is paying Glencore about the double the normal treatment charges for their goodwill of constructing the mill on site. This should have been disclosed to shareholders.
Some may remember pre-production projections that Santander would have $0.6/lb total costs. Currently on-site costs are $0.4/lb and off-site 0.5/lb. Off-site costs should be somewhere between $0.2-$0.3/lb.
Any thoughts?