having being a big INL hot copper bear,INL is now basically a call option on the zinc price imo.... it goes up you coudl make many multiples of your money, it goes down and they slowly bleed cash till they die.
IMO the risk reward for this is starting to stack up, not much point selling here at 1.5c if youve already worn that much loss.
As INL says, they are in a good position to act fast if zinc bounces... and with many mines closing/suspending (CBH,AIM etc), it will only take a small uplift in demand to push zinc prices up, and Chinese buying is expected to start ramping back up in the matals markets post olympics, but it will take alot longer for the production to come back online again from the mines that close.
i woudl suspect INL will need to cut their costs to a bare minimum and its looking like a pretty cheap call option on the zinc price.
downside now 1.5c, upside to 5-10c.
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1 | 1707 | 0.585 |
1 | 10000 | 0.580 |
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1 | 3000 | 0.560 |
Price($) | Vol. | No. |
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