A zinc pull-back occurred this week with LME stocks significantly rising, perhaps due to traders dumping after some news about the supply side not being yet constrained. The story will not go away, in fact this decrease in price will only see the upward return more vigorous and ferocious (IMO). The same can be said about the tin story.
Low price - difficult to fund new projects; old projects fade... Supply constrained... BOOM!
Anyway, here are the end-of-week figures.
Green indicates positive cash flow producers.
Orange indicates other producers.
Red in cash flow indicates funding needed. (Some have loans.)
VXR announced it is selling their resource for $14 million.
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