The report says it all Hoof.
In a nutshell,if you think the zinc price will recover 2010 then it remains a hold or buy.
There are definite signs the miners are showing margin stress with CBH cutting staff drastically and Yukon and a couple of others have raisings problems.So its beginning to seem that the current zinc price is too low for some of the new mines to be viable.
Much depends on the continuing year on year increase in demand and long lead times to establishing greenfields projects due to tight mining labour and much higher costs.But then we've seen China be able to come to the party once before when stocks got too low.
d.
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