re: patient long term stock Regarding the comment about a 20% increase in zn supply, I was referring to this article...
http://www.forbes.com/markets/feeds/afx/2006/11/06/afx3148511.html
" Briggs expects extra zinc production will push zinc prices lower next year.
'We still believe that world zinc mine production could surge by 20 pct between 2006 and 2008 through a combination of new operations, restarts, expansions and better performance at certain mines,' he said. "
Good point by damonwo - the joint venture is only for four years, by which time the main project should be up and running.
Just to make my position clear - INL is my biggest holding, so I wasn't trying to pour cold water on the stock. I'm expecting multiples of the current share price before too long.
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Last
63.0¢ |
Change
0.010(1.61%) |
Mkt cap ! $119.5M |
Open | High | Low | Value | Volume |
60.5¢ | 63.0¢ | 59.0¢ | $61.85K | 102.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55478 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 31814 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55478 | 0.590 |
1 | 512 | 0.585 |
3 | 62240 | 0.580 |
1 | 5283 | 0.565 |
1 | 3000 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 21814 | 2 |
0.640 | 52095 | 2 |
0.645 | 25000 | 1 |
0.650 | 25000 | 1 |
0.660 | 36712 | 3 |
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