Yes, Smorgon's is one of the contracts they have to extract zinc from arc furnace dust originating from their mini steel mill. This is one of three contracts totalling 22,000t of dust from ALL the mills in Australia. This equates to about 4,400tpa of zinc. Seen the zinc price lately? Not only that, but they produce zinc chemicals (sulphate) which attracts a fat premium on top of the zinc price. But wait, there's more. Check out their selenium production and the price of that: risen from $20,000/t to $60,000-$80,000/t in the last 12months. China needs this metal seriously. Add to that their Co, Ni, Cu prospect in the NT. This will be a screamer of a result in late Feb. Don't take my word for it, do your own research.
HMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
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