I´m not fully in line with you when it comes to metal prices. I think we saw about the same price for zinc Q4/11 and Q1/12. You are right with silver and lead here the prices are sligthly lower compared to end 2011.
I already would be happy to see a profit after H1.
Management always says that there will be less supplieres supporting their business. which zinc mines will be closed in the next years?