Project, Value billions usd, value/tonne San Nicholas Mexico 4.3...

Project, Value billions usd, value/tonne
San Nicholas Mexico 4.3 57
Dugald River Australia 7.7 161
Ambler USA 5.8 160
Neves Corvo Portugal 4.7 94
Cirque Canada 4.5 122
Gamsberg Sth Africa 10.8 74
Howards Pass Canada 8.6 75
San Gregoria Peru 8.5 123
McArthur River Australia 8.0 199
Kholodnenskoe Russia 18.0 54
Mt Isa Super Pit Australia 17.5 75
Lanping Phase 2 China 15.2 103
Ozernoe Russia 11.5 91
Red Dog (District) USA 19.0 198
Mehdiabad Iran 23.6 106

Ranked on resource value in
US$ billions in-situ at long term

Zinc US$1,150/t (52 c/lb)

Lead US$570/t (26 c/lb)

11th largest in-situ value, but..

4 projects in high risk location

and, 3 projects with low $/t

5th highest resource value/t

If Dugald cannot be developed
economically – how will the zinc
concentrate deficit be fill


the largest project of all is the mehdiabad project in iran. and it has been priced here at a long term zinc price of 52c/lb. Thats why UCL holders dont worry too much that zinc has dropped to $1.33 /lb.
its 2 and a half times the price that they are using for th long term.

Good luck to all holders

cheers andrew