RE:RE:1st quarter is over
It's right tenacious1.
If total costs are 1.00; my coverage is 1.23; the Zn average is 1.30 = preliminary settlement is profit 0.30, but the final payoff is profit 0.23 (with coverage losses of 0.7).
If the average Zn is 1.15 = preliminary settlement is profit 0.15, the final payoff is profit 0.23 (with profit from coverage of 0.08).
If the average Zn is 0.95 = preliminary settlement is -0.05 losses, the final payoff is profit 0.23 (with coverage gains of 0.28)