RE:RE:RE:RE:RE:RE:Q1 total cost = $1.28 per poundTheir contracts specifically state that they pay the benchmark TC. Glencore does NOT set that benchmark and therefore they CANNOT charge more. This has been known for years.
ZincDink1 wrote: The 159 is the treatment benchmark. I garuntee that Trevali TC is based on 159...but they are not paying 159. It may only be 160, it maybe 200, we will never really know as GC sets TC in private with Trevali. However, it is probable that TC did drop by more thasn 40 percent.
I originally only had the MDA to go off of, and the numbers from Rosh were a really what the hell is going on with this mine, the future of the company? They mention a lower grade was processed...does this mean that they screwed up grading the material? The rock is more difficult to process, is this going to increase costs more than predicted? If you don't mention the oh yeah, we had manpower issues due to covid, the original explaination looks horrible (other than blaming the Namibian dollar, which didn't change a whole lot).