With a expected Zinc price of above US$ 2000 for 2013 Perkoa will deliver net profit. Who knows what will happen then in 2014 or 2015.
Copper will outperform and Mumbwa could not only but will be very probably a very valuable asset in BTRs portfolio.
PS. bought another few thousands today at 1.11
Source: Morgan Stanley 31 May 2010
Copper is expected to outperform base metals 2012 average year price: $8,400.00 / tonne 2013 average year price: $9,000.00 / tonne Copper prices are expected to remain high because of supply side difficulties. Prices will continue to remain high until the global inventory pipeline is replenished most likely after 2014.
Zinc prices will only improve if China changes policy to boost construction 2012 average year price: $2,100.00 / tonne 2013 average year price: $2,200.00 / tonne Zinc refinery production growth is slowing but it will be a few quarters before the inventories are cleared at current demand rates. The global zinc market is oversupplied and has been so since the first quarter of 2008 and there is unlikely to be a reprieve this year. Zinc prices are only expected to perform better if China changes policy to boost construction, and if demand from Europe increases.
Silver continues to be an attractive safe haven but is volatile 2012 average year price: $35.00 / ounce 2013 average year price: $42.00 / ounce Investment demand in the silver market has waned of late but but negative real interest rates in the U.S. are likely to be behind investment demand for silver even without another round of QE. After a sharp correction in Q2 2011 silver continues to be an attractive safe haven when compared with gold. But silver is volatile, vulnerable to weakening industrial demand and weaker supply all of which make it a less supported market than gold. The key risks for silver are that a weaker economic outlook in 2012 and 2013 will cut fabrication demand (manipulation of metal from one state to another), but not enough to deter production
BTR Price at posting:
$1.09 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)