Ann: Quarterly Activities Report, page-10

Show me the large zinc smelters coming online to treat all the concentrates in the market and the corresponding demand for zinc metal that can justify claims of a quick drop in TC without a drop in zinc price.

Check back with me towards the end of the year re zinc stockpiles.

You know my record calling these things - I remember having similar discussions with you when NCZ was closer to $1. Looks like we have a cap raising something that others said would not happen because NCZ would be swimming in cash from their operations.