has the big seller finally gone, page-16

Just had a read through Xstrata's last HY report & note that cash cost (after by-product credits ie. silver & lead) are approx US$0.50 across all their operations. The report doesn't break that down by mine but with zinc now trading at or under US$0.50 per pound, there could be huge ramifications for Huddy's at Mt Isa, if Xstrata decided to reduce or stop production.

Also, OZL's Century Mine is, as far as I can tell, in the Greater Mt Isa region, & I've heard rumours that they may be reducing production or even closing down temporarily. Sorry, can't remember where I heard that (somewhere on HC though). Anyway, not sure if Huddy's are contracted for any work there, so it may not affect them.

I'd like management to put out a statement saying which mines they are contracted to work for & what their take is on production levels at current metal prices. They must have some idea.

I can't think of any other reason why the share price is being driven down so hard. Sure, the market sucks at the moment, but this stock seems to be getting bashed harder than most.

I've sold out until I can get some clarity.

Cheers,
Z.