Ann: Quarterly Activities Report, page-5

For what its worth I actually think Zinc will be at $4000 and if you look over the charts from the last 50 years then that would be conservative. It was over $2000 in 1988 so 30 years later a doubling in the price is nothing. Look how much insane currency creation has occurred in the global economic realm since that time. Unreal.

The derivatives have managed to contain Zinc along with all the others mentioned for years but physical supply deficits will eventually make the rubber meet the road for sure.

JFI