Seeing zinc fall so comprehensively below $1 per pound is a real...

Seeing zinc fall so comprehensively below $1 per pound is a real jolt to the senses. Given we have no clear breakeven cost level available we are very much in the lap of the gods now. If your comments d are correct regarding the projected price of zinc being 1600 per tonne (73c per pound) then the question is going to be is this an economic level for Perkoa to operate? I vaguely recall a zinc cost price being bandied around of low 60c per pound as being the break even level at the AGM however now that we have rising transport costs this number (just like anything that Flory kicked around) is not reliable.

What amazes me is the way the company is just going ahead with the project without any apparent regard for the economic viability of the project. Offtakes would be nice as would confirmation of funding however at this stage I think we should be told of what the exact breakeven level is for this project. Anyone got any numbers on this?