zinc prices up, page-11

re: algeria the annual report was a cracker no doubt

TZN has the best potential of the lot. I agree i must have overstated the political risk of algeria- with the algerian govt having a stake the risk is about nought

Hence i wouldn't worry too much about Algeria. They have Angas as a real earner, thats about 2.50 for the share price there alone. Algeria won't be developed till 2010, and by that time they can internally generate the cash for the project(not ask 4 money)! seems a sweet deal eh?

I wouldn't overemphasise menninnee- only a 30% stake - not a big amount.