OTCPK:NNDIF - Post by User
Post by
HomerAndCompanyon Jan 24, 2017 3:00pm
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Post# 25748557
Zinc price and treatment charges both heading higher?
Zinc price and treatment charges both heading higher? I think the answer is yes:
Zinc hit $2800/mt today, back up near 60 day highs. That's also something like a 9 year high.
Treatment charges reported by NIF in the 3 quarters of 2016 already reported show the benchmark heading higher but the spot moving lower. TD's analyst Steven Green uses a 70%/30% benchmark and spot mix in his latest estimates. Using a 70/30 split to calculate the treatment charge the number is higher in each supsequent report, with the Q3 report coming in at just over US$180/mt.