re: vt123s point.sinbin So if they manage to hedge for say 5...

re: vt123s point.sinbin So if they manage to hedge for say 5 years at $1.40/lb it should blow the new Npv out of the water as well.That original Lonsec Npv had zinc at $1.40 and then back to sub $1/lb a year or so later after the start of full production,so if they can guarantee these kinds of numbers for 5 years......aaaahhhhhh its all starting to become a little clearer in the the old brain box.

This is getting back along the lines of arguement as to whether or not smelters/traders would pay this for the zinc for this long.

I have just seen a couple of items in the last couple of days that mention China's insatiable appetite for steel is forecast to continue for a good few years yet and its likely that India and Russia will be joining the party in the not too distant future.This only adds to the likelyhood that zinc will remain tight for a few years yet which means they may not have too much trouble getting this kind of deal.

Well I suppose they did say they were ATTRACTIVE terms in the annmnts.

Still,shouldnt jump the gun.Believe it when I see it.

d.