ASX Zinc players list, page-166

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DrDann

1,137 Posts.

04/08/16

05:26

Post #: 18439915
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Originally posted by FiendishRedbeard ↑

RVR and HRR resources and likely production profiles are not large enough to warrant interest from any major mining houses however they were looked at by much smaller groups. Both after all bought into distressed assets at the right time and have struggled for traction. The rub is there is no medium or long term shortage of zinc, above ground metal can fill shortages for years. Chinese mines, glencore and other mothballed mines, all individually have the ability to squash shortfalls and prices. Zinc is like Scottish weather, 1o months of shyte followed by 2 months of disappointment. Time in the sun for good prices is typically short lived so i would not bank on IBG becoming a mine given production is a few years down the track as the summer window will not be long enough.

Interestingly, Glencore reduced output to support zinc prices so why would they support any new projects such as IBG or that $50M facility from increasing supply of zinc? Makes no sense especially when they have their own mines (and bottom line) to look after which will have a faster lead times and lower capex intensities compared to IBG.

IBG does have 10 times or so more resources, problem is they need to find 10 more cash, US$500M....to start production from low grade snot resources in a harsh country that is not falling in love with mining.

Flip side of course is high leverage to the price. Short lived spikes do occur, reckon IBG could get into A$100-$200M market cap range with better prices, perhaps above their study numbers as loose money chases leverage. This would be an upside level to exit given zinc price history and supply side potential. Those dreaming of profits from actual mining are chasing an Spanish summer in Scotland imo.

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Your perspective on zinc is in contrast to pretty much every other commentator and insider on the planet.
5 Upvote

0 Great analysis

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ASX Zinc players list, page-166

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

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Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

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ASX Zinc players list, page-166

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Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

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