FWIW GS aren't too sanguine about Zn prices in the years ahead. They have amended their commodity forecasts recently. This is current from a couple of days ago.
Of course, if commodity prices fall then so too will the AUD, thus cushioning the margins in local currency terms.
I much prefer Mac Bank's view of US$1.45 however
Cheers
John
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FWIW GS aren't too sanguine about Zn prices in the years ahead....
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