Zinc inventories break down through the 400K mark, page-5

  1. 1,436 Posts.
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    Re: "Investors looking to buy into a well-positioned producer could do worse than have a look at Golden Rim Resources (GMR.ASX)."

    Sorry but what are Golden Rim producing and if the answer is nothing, when are they likely to.

    Looks like a currently very modest resource of average grade to me. I would encourage those looking to buy ASX listed explorers, look for ones which ate likely to get into production which generally fit into two camps...either those with proven very large but average grades which are shallow deposits; or those with smaller but higher grade deposits at a reasonable depth which can get into production while the sun shines in Zinc.

    Pretty hard or impossible to find a current producer on the ASX which isn't owned by a larger diversified miner, so those who want producers are better to go abroad. Still hard to find, however there are a couple puy there although the market woke up to these a while back.

    Good luck with GMR I do hope that their drilling hits the pay dirt.
 
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