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Ann: Corporate Presentation - AGM, page-2

  1. Sally_Will
    5,851 Posts.
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    29/11/16
    13:53
    Post #: 20963723
    From Heron's Corporate Summary - today


    Who would have thought in 2016?
    Zinc price US$2,887/t

    * 28 Nov 2016
    * 54% rise in 12 months


    2016 zinc demand growth UP 1.6%
    2016 zinc mine output DOWN 5-6%
    Shanghai & LME Stocks 16 DAYS OF CONSUMPTION
    China: zinc concentrate imports DOWN 42% YTD
    Zinc TC’s  to US$40-50/t

    Sources:Scotia Bank,MBL
    HRR Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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