OTCPK:CRZNF - Post by User
Post by
MEiffyon Jan 12, 2015 1:59pm
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Post# 23310246
revenue
revenueFrankie, I agree that the burn rate will not go away and I too always hate seeing options issued when sp decrease. In this particualr case if these guys actually want to see cheques past this year if not July, they are going to have to give people a reason to invest. I some how think they want a pay cheque longer than 6-12 months. If they attempt a PP at these prices, I and a number of others will sell and take the hit.
https://www.infomine.com/investment/metal-prices/zinc/1-year/
Refer to this for zinc & lead price; over the last 6 months there is a downward basis (not much though) to these prices, in USD's. Convert the USD's to CDN $'s and the price is better than 6 months ago.
Is this the way to justify a mine?
What CZN does have going for it , is the closing of several zinc mines and dropping oil prices.
Lower oil prices, and I believe here to stay for at least 12 months, means reduced operating costs, but more important, increased cars sales and building materials as people now have extra money in their pockets w low interest rates. All these sectors are using zinc.
So how will CZN translate the feasability study into revenue? Seems to me the cost of operations had better be significantly below $1 per lb USD for both zinc and lead.
Perhaps those on this BB who better unserstand the cost of this mine may want to comment.
Earl , I know has been calling around attempting tpo drum up interest. He needs to give some light on the cost operations relative to gross sales