is inl dependent on high zn prices, page-6

I've done some research on INL too and my conclusions are similar to jet's.

Taking a look at the AGM presentation, specifically slide 42 on the financial projections it seems every 10c move in the POZ adds/substracts 3.3m in revenue. On this basis the break-even cost would be 60c.

As early as 2003 Zinc was trading at 40c/lb or so. The decade's average for the 90's looks like it's around 50c/lb. (source: USGS website)

I think it is a reasonable assumption to say the vast majority of zinc production from mines break even at prices lower than 60c. I don't have any data to back this up but it is an inference from this extract from the AME Zinc economics report. (http://www.ame.com.au/guest/pb/cost.htm)

So it looks to me, while the future is looking very bright for INL with the well publicised shortfalls predicted, the margin of safety isn't quite rock solid.

And come on guys, let's show a bit of understanding here. 99% of the posts here on HC present assumptions as facts, and of these 99% a huge number are plain wrong, both assumption and fact. The responsibility is not on the poster to make sure every thing he posts is 100% correct, before sharing his information with everyone else, but rather on the reader to do their research into the claims presented to them.

Even the best posters here get them wrong sometimes and I'd rather them share their views which are sometimes wrong, but always stimulating, than if they not posted at all.