RE:RE:Cash cost .67-.73tiger6301 wrote: Hi Firecraker,
I noticed this one as well. Q4-17 is 47.7 m-lb, so it would work out about 190 m-lb, it forecast 155-165 m-lb.
Caribou didn't achieve more then 80% zinc recovery, maybe it will never. Lead and Silver have improved their recovery.
I feel TV's story will not be exciting one for 2018, but zinc price will be. So TV will follow the zinc.
tiger
firecracker74 wrote: The forecast at Perkoa is way down compared to this quarter with no explanation. 2017 production at Perkoa has been well above forecast. Hopefully, TV is being cautious this year with production forecast since they missed during several quarters in 2017. The real important numbers here are cash costs. With zinc at $1.57 the profits are staggering.
That cash cost has to be bogus and wildly optimistic too Prior to TC reductions in 2017, the lowest cost producing zinc mine in the world was red dog. Their cost per.payable lb. was .68 -.72 . It would b lower now due to TCs but ... there is no way any other operation is even close to that. Combo of grade + open pit + volume + understanding of minerology cannot be matched. It is the king of the Zn mine cost curve mountain. So anyone projecting AISC #'s in this territory i am highly skeptical of. .80 -.90 would bw more typical. Bully for them if they achieve it and it would place the mine in an excellent long term spot on the cost curve but ... i don't believe it.