OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Mar 02, 2017 11:34am
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Post# 25919664
RE:CEZ competitive position
RE:CEZ competitive positionAll the world refineries and smelters are in trouble right now.
For cost at plant, just using the reported values. Actually, CEZ isn't bad - just not as good as I thought. Surprised how much electrical costs are coming down in Europe. They talk about how cheap hydro is, but in Alberta, pool prices have been as low as $ 10/Mwh due to overcapacity. Maybe we should start a refinery here (lol).
Nyrstar is the only one who I could find data on costs so I used for comparison. Yikes - not the best one to compare on share price, is it? $ 100, now $ 6, suspended dividend in 2013.
They claim the Budel plant is the most efficient with cost at $ 350 Euro (~500 Can$). Now, it maybe due to feed, etc, but the $ 175 extra would definitely put CEZ in the black.
Curiously, Budel used to source Century, but now sources from 70 different mines. So, if refiner has a good plant with easy access, they can remain competitive.