Hi All, have been watching NCZ for a while and as price has come off a little am considering entry. But zinc is historically volatile so am wondering your thoughts on the following:
Korea Zinc just announced reopening of their Sun Metals refinery in Townsville. I assume it will create demand for zinc concentrates.
Direct NW are Auctus Mungana and King Vol mines producing zinc cons trucked to Townsville for export and further NW is Century exporting zinc cons.
Irrelevant of actual volatile global demand for zinc metal, does this picture do anything to firm up the local demand side for NCZ.
Im interested because Auctus is private so cannot be invested in but this might help put a floor price under NCZ?
Krum
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