As we dont have a symbol for lead , I have decided to use the zinc one for a little discussion . The reason I did that is because zinc and lead are mined together ,so the lead price is almost certainly going to affect the price of companies such as zinifex and CBH .So advance apologies to those offended by me talking about lead on the zinc posting .
Lead ,has anyone else keeping track of this or they just dont care .
Lead metal is going ballistic , in the truest sense . Up almost 3 times what it was 12 months ago . Yes triple . Thats from 40 c to $1.14 in 1 year .
from 90c to $1.14 in 30 days , thats over 25 % in 1 month .
When people wake up to the extra profits that will be flowing to CBH and Zinifex through lead ,they will probably get a surprise .CBH are mining about 35,000t pa ,and rising to 60,000 t pa in the next few years .
Zinc has averaged about $1.60 this year , so while its off its peak most companies will make good average returns from this , but Lead is the star performer for these companies , and will be pushing profits up again .
China is building lots of cars that need batteries to start them , its as simple as that .
Anyone know other underpriced companies that are leveraged to Lead ? All tips appreciated .
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lead up another 5 percent
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