Interesting read (see below) - now we just need MMG stumble over the next Century mine at VRD and we'll be back!
"Multinationals such as Swiss-based Glencore Xstrata , Belgium's Nyrstar and China's MMG are funding new mines from Africa to the Yukon on expectations that an oversupply of zinc will turn into a deficit."
and:
"The last time zinc entered a supply deficit, its value more than quadrupled. The price went from under $0.40/lb in 2003 to over $2/lb in 2006. Wood Mackenzie predicts zinc will average more than $1.59/lb from 2016-18 versus $0.88/lb so far this year."
http://www.reuters.com/article/2013/11/05/zinc-mining-idUSL3N0IQ0U720131105
This will also have a positive impact on the KP economics.
EE.
mmg mining
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