Think you'll find, Oldren that after they revise the project costings for the lower oil price, we won't need zinc to be above $1.10 IMO. And anyway, why is zinc going to fall in a heap unless you think we're in for that protracted economic funk we hear from the bears.... as China, India and many others continue to urbanise.
My sense is Citronen is quite the logical project to replace the recent mine depletions, while the demand for zinc is still rising year on year.
IBG Price, page-15
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