Ann: Quarterly Activities and Cashflow Reports, page-19

The zinc price had a nice leg up from 91c to $1/lb early July, consolidated from mid to late July and beginning another leg up towards $1.10 hopefully. There was a 50% jump in LME wharehouse stocks but levels are only a fraction on previous years and haven't factored in the recent leg up of the price.

Removing hurdles by paying down the Varde loans and satisfying the Forward Sale payable gives the company cleaner air moving forward.