BML 6.98% 9.2¢ boab metals limited

Ann: McArthur Basin Zinc & Copper Exploration underway, page-12

  1. WCJ
    372 Posts.
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    Have a read of the following article, this echoes my sentiments regarding the future of zinc and whilst there has been a recent pull back in prices since the beginning of the year, the fundamentals that led to that price surge haven't changed, which is ultimately why I am here.

    A brief look at the Zinc Miners with a Zinc Deficit Looming
    https://seekingalpha.com/article/40...of=44&utoken=4f215d3d6117798c9a1f4fb8b717a1d9

    Copper is a slightly different kettle of fish. Whilst the boom in electric vehicles bodes well for the future, headwinds with a potential China slowdown and the brakes firmly on the US infrastructure rebuild have depressed prices in the short term. In saying that however I still see plenty of potential to the upside, with copper being still in the middle of it's trading range and LME futures inventories declining rapidly from there brief surge in mid May.

    2017-06-19_20-42-52.jpg

    In fact looking at LME futures inventories for lead and zinc also paints a pretty picture ATM.

    2017-06-19_21-03-46.jpg
    2017-06-19_21-04-01.jpg
 
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