I think this may end up being quite a positive. This project if...

I think this may end up being quite a positive. This project if and when it happens was probably targeting 2016/17. This will boost TZNs cash-flow and allow it to shop around for an alternative project of which may be brought to production faster. Algeria brings with it serious sovereign risk and government agencies are bureaucratic, slow and bets avoided. The Chinese might have better luck dealing with them being non-western and having 'synergies' to state run countries.

If they find something that can be brought to production by 2014/15 at the latest they will fair much better. I think zinc prices will peak in 2015/2016 but that's a way off.