RE:what we need for a higher SP? it's really simple...kkkrrr wrote:
..shareholders are dissapointed right now , but:
1. a robust Timok UZ- PEA in Oktober
2. stable production of zinc+ copper conentrates
3. cash costs for zinc at the lower end of guidiance (comes with better recoveries and lower mining costs (smaller pit)
4. maybe success at exploration drilling (as a bonus)
5. high base-metal prices (could stay high for the next 3-4 years)
6. new near-surface satelite-deposits at bisha
7. a longer-term solutiuon for the metallurgical challanges at Bisha
8. a good Q3 quarter (we know they will buy some equipement but this is a negative factor only in the short term) ...if the production-numbers and costs are OK the investors will be more confindent for the coming years..
..there are some catalysts and i'am sure if NSU is able to reach some milestpones the SP will recover from here to minimum 3.50-4 CAD as a first target.
All good points...I add the following:
1. Timok UZ- PEA Timok will most likely exceed expectations (currently expected at 780 to 1200 Million NPV); if and only if, gold recoveries can be improved.
3. Mining costs unfortunately are a function of stripping and ore mined/milled, they will remain high as waste removal requirements are high and ore extraction is low.
8. The success of Q3 quarter will be due to no tax, batching of higher grade supergene, DSO gold, and better recoveries. Production is ultra low, but stripping is high. The equipment will impact Q4 and Q1 2018.
As you state...if the numbers (recoveries) and costs, are OK (in-line) the investors will be more confident for the coming years..