I think there is to much negativity regarding zinc and the stock market also a lot of people using shorts and lots of margin calls.But Perilya should be making money it is obvious.Perilya does have costs like mining equipment,there have been drilling programs,feasibility studies.And Perilya mentioned they spent $6.9USmillion for put options this quarter.Should also mention Perilya is the sixth biggest miner of lead and lead is in deficit and could sky rocket shortly due to whats going in China?.I think there maybe even a hidden agenda like Macquarie Bank forecasting a 4million loss for half year then a few monthes before they had forecasted close to 100million for 2008.I personly have lost a lot of money by margin calls and the share prices crashing.But I still believe in china and india,russia,etc growing and they have a lot of catching up to do.Perilya also said the half year financial results are on or around the 19th feb 2008.Have a great day Hoggle
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
