I think it's fair to say that their short to medium term bonuses are already in place in the form of huge amounts of share options at a good price with moderately stretching targets which, by and large, take no account of SP, although one might hope that SP would rise as said targets are met. Agree with you that any VOG/BLVN style bonuses before long suffering shareholders receive any reward would be anathema.
Direct Cost is estimated to be $120 per tonne input, down from $150. Product ZSH is sold as a finished product for agriculural use and is 21% Zinc. I'm not sure about the lead sponge. The Vanadium is again quoted to be a saleable product as currently valued in an RNS at prevailing market value. The slippage in plant build is mainly due to ZEMA. They are obviously tweaking design to accommodate recovery of other metals. I've calculated an EPS of around 2.3p per share to start with. This will… Read More
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