Is this a Good Buy or a Good-Bye?, page-3

Well said mate.

Yes, this is definately a long term investment.....one with huge long term upside potential.
Those of us who bought back in the PLD days are very much ahead, but can also appreciate just how much progress the company has made, particularly in terms of AB.
We must also realise that with a resource this size, it takes time/work to get big players/financial institutions to part with this sort of money.

Zinc is definately looking the goods.

Here is an excerpt from Macquarie Research in reference to Teck/Korea Zinc, and in regards to concentrate TC's/RC's.... noting the loss of the PP (which is incredibly bullish).

• Media and industry sources reported on Wednesday that zinc concentrate treatment charges (TCs) had settled for 2017 between leading miner Teck and leading smelter Korea Zinc at $172/t flat – i.e. without the price participation (PP) escalators and de-escalators that are typically present. Last year’s “benchmark” settled at $188/t basis $1,500/t, but the 3%, 9% and 8% escalators (to $2,000/t, $2,500/t and $3,000/t respectively) meant that the strong price rally allowed realised contract TCs to appreciate to ~$262/t by December. However, because free metal revenues are expected to rise by ~40% this year on higher zinc prices, the settlement should not mean an overall deterioration in revenues for smelters.

• We understood that the smelters had been firmly against Teck’s demand to drop the PP element, which explains how close the headline managed to creep towards the previous year’s settlement despite much lower spot terms (~$45/t CIF China currently). Nevertheless, if the example from copper a decade ago is any guide, this is not a good day for zinc smelters.

Cheyne