zinc touched to 1.52 us/lb, page-13

re: ubs upgrade zfx to $14.50
ucl - in Iran?

very high risk at the moment.

New developments -

zfx has two new major mines to come on line in 2010 - 2011. So there is no risk,
+ around Century there are satelite ore bodys. Century will be ceased around 2020,
+ on resource upgrades.

UCL is a no go, ZFX has a good enough game plan for the next two years.ZFX producing in high Zinc terms, thats what
counts!