I was Just Thinking!Seems to me a bunch of years ago I owned a high grade Zinc deposit that I traded in and out of. So I looked them up and sure enough they still exist. They are trading between 2 and 3 cents and as I recall they did at least one share consolidation. Do not quote me on that do you own DD.
So one might ask why am I bringing this company up. No not to pump I do not own any of their shares but I seem to recall a number of people on this board looking for similar deposits to get a feel for costs.
So the Company is called NorZinc. The deposit is located in the North West Territories and they have a Measured and Indicated Resource of 9,755,000 tonnes at an average grade of 9.7%! Another 6,403,000 tonnes inferred ounces at average grade of 12.9%.
So the important number is their break even cost from an operational stand point is 8% Zinc. Needless to say, it follows they would need some 10% AIC just to break even. At anyrate they are much farther ahead and have a PEA which might give you a better indication of what to look for.
Question if Cantex is worth $50 a share should not NorZinc that closed at 2.5 cents today be worth at least $40 lol!