chomp, page-23

re: chomp.orders purged early:xcel There's a good article about CBH on their thread about their Sulphur Springs project. The relevance to AIM is that CBH aren't hedging because:

"I think zinc is going to go a lot higher than US$4,000," he said, describing lead at around US$1,500 currently as "a beautiful market."

Wall's confidence is driven by low and still shrinking global stock levels as years of exploration underinvestment and structural expansion barriers constrain the supply side's ability to react to still strong China-led global demand."

SS is due to come onlone around the same time as Perkoa ie late 2007/2008.

Even hedging at the 15 month contract price still must be very attractive.

Does anyone know whether it is likely that part production would be hedged or whether banks insist on 100% for the first couple of years of production?


Mookie.