getting close technically, page-17

I was there today and was happy to hear that supply will be easily matched by plenty of demand for zinc for many years to come.

Spoke to a couple of people and the views from all, is that long term zinc and most metals will be in demand with of course the usual hiccups along the way.

CBH director has only hedged 25% of yearly zinc production as he thinks there is scope for price increases.

I could not stop smiling as each presenter talked about their high grade of zinc 5-6%. Those who still don't get it, AIM is sitting on an average of 14.1%.

CBH pointed out that their operating cost estimate of their open cut panorama mine in WA is about 33c a pound. I have to re-check AIM's cost estimate, but it shows their is a high profit margin in open cut zinc mining. At $1.50a pound there is money to be made.

Also CBH used mostly convertible notes to finance, as they thought it was cheaper cost than banks, and less restrictions on you. Could explain the change of AIM's finance package to have less bank involvement.

All in all an informative day and it just reaffirms my belief that AIM is in a great position to take advantage of it's great asset deposits.