I think it's important to remember back in 2015 when Glencore dumped thousands of tonnes of refined zinc in the market when it was in financial trouble...that changed the Zinc game back then and the long awaited draw down timeline. There is no such dumping this time and from what I can see draw down is continuing.
http://oilprice.com/Finance/investi...Dashed-As-Glencore-Dumps-Its-Inventories.html
IBG is so undervalued which is plain to see. For what ever reason there is a complete lack of trust from punters in this project so I would suggest when this sentiment changes it will rerate very quickly...meanwhile the below is all IBG needs to keep happening. It's a 100% Zinc Play.
COMMODITY 11/04/2017 12/04/2017 TODAY DATA (13/04/2017) (Previous Day Data) 1 ALUMINIUM - 14275 - 13575 - 15100 2 COPPER - 6900 - 850 - 1625 3 LEAD - 900 - 1025 - 1025 4 NICKEL - 3660 - 1194 - 240 5 TIN NA NA 6 ZINC - 700 - 1850 - 2200
http://mcx.freetips.tips/lme-inventory-commodity-report/
date LME Zinc Cash-Settlement LME Zinc 3-month LME Zinc stock 1 12. April 2017 2.565,00 2.583,00 364.050 2 11. April 2017 2.580,00 2.597,00 365.900 3 10. April 2017 2.658,50 2.676,00 366.600 4 07. April 2017 2.665,00 2.685,50 367.400 5 06. April 2017 2.777,00 2.802,50 368.450 6 05. April 2017 2.770,00 2.793,00 369.525 7 04. April 2017 2.704,00 2.729,00 370.475 8 03. April 2017 2.746,00 2.767,50 370.950
http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Zn_cash
Zinc Futures
2,625.25 +23.75 +0.91%
https://www.investing.com/commodities/zinc?cid=956470
Cheers All.
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