Chunky 4275 tonnes to breach the 400,000 level - I like it. So what happens now, fireworks? Hope so.
Just give us more days like this in May and it should catch on. Interesting to compare zinc LME inventories and price graphs, with nickel - both going at about the same rate in terms of falling inventories and rising prices over the past 30 days:
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So that part of the equation is working, just need the share market to latch on. Reckon it was the false starts, and also the CR effect to a degree, but other zinc miners haven't been doing any better.
Good to scramble back to 4c today... what am I saying? We should be around 6c by now! Still believe there is some catch up due before we get mining approval. The deficit is now quite evident and the zinc price is responding - just need more weeks to reassure folk it is real this time - we're heading towards that shortage![]()
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Chunky 4275 tonnes to breach the 400,000 level - I like it. So...
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