Zinc forecast to be $1.25 in 2017

bought yesterday like rnu this stock is undervalued based on project. zinc stocks will rally hard by years end when stockpiles fully deplete

frosty

Scotiabank and CRU see the current market imbalance eroding both the known and less visible stockpiles of zinc.

Deller said, “The key question in the zinc market is no longer whether, but is now when will the market run out of metal?”

Scotiabank sees this depletion of stocks happening sooner rather than later.

In its annual Global Outlook report published in early July, the bank forecast zinc prices to average US$1.25/lb. in 2017.

“Prices are expected to rise over the coming years until sufficient supply can be incentivized back onto a starved market,” the bank penned in the comprehensive economic report.

Full article from http://www.petroleumnews.com/pntruncate/787773235.shtml and punters can do their own calculations on what a zinc price of $1.25 per lb would do for IBG with mining approval and possibly a construction and financing arrangement in place by then with China Non Ferrous (NFC).