IBG's timing is perfect..

Companies are now betting the zinc rally is well underway and with this said, IBG's timing is perfect with 10 years of hard slog behind it...ML Pending and ore body Top 6 in the World "IBG is a World Class Asset"

One of the metals that analysts of been most bullish on in 2016 and beyond is zinc, which Goldman Sachs recently stated has the best supply-side fundamentals of any. We may be starting to see this thesis play out with the price already up over 40% this year.

One junior betting big on the metal is Callinex Mines (TSX-V: CNX) which just announced that they closed the acquisition of three primary zinc deposits in Eastern Canada. In fact, Callinex just added over 2.5 billion zinc equivalent pounds in order to increase its leverage to the underlying metal. With zinc recently priced over US $1.00, Callinex could be one name to benefit from the bullish thesis on zinc playing out with relatively few names in the space to choose from.

Callinex is led by a technical team that includes three former PDAC award winners with several base and precious metal discoveries to their credit. Perhaps most interestingly is what could lie ahead given the outlook for the metal.

Zinc is widely projected to be in early stages of a multi-year supply-demand deficit due to a lack of supply. With inventories on the London Metal Exchange having decreased by over 50% since 2013, we could be nearing a critically low inventory level. Zinc smelters have also been reducing their treatment charges for concentrates which indicates competition is heating up for supply, even as the price is on the rise.

Looking back at zinc’s last move, when concern persisted of supplies from 2004 to 2006, the metal rose from under US $0.50 per pound to over US $2.00 per pound. This time around, firms such as CRU, Macquarrie and Halgarten and Company are forecasting the zinc price to rise anywhere to between US $1.25 and US $1.60 per pound.


http://www.stockhouse.com/news/newswire/2016/08/15/callinex-v-cnx-betting-zinc-rally-now-underway