operating leverage comps, page-173

as i said and think have demonstrated - it is entirely and 100% about silver

the reason the market isnt pricing anything for lead/zinc is because neither are yet in a bull market. all the base metals remain in a bear or neutral market phase

so the market maker programs that generally set all stock prices are only pricing the silver

thats one of the reasons I like pm/base metal projects

typically gold/silver move first - then base metals break out later - and the stocks that have both have an escalating tailwind as they progressively re-rate on those breakouts from bear to bull markets

zinc's out of its primary downtrend - but failed its first test to break into an overt bull market . needs to break above and hold $us2466/t