Worth a read - from the Q2 Trevali Mining Conference Call -...

Worth a read - from the Q2 Trevali Mining Conference Call -

Replies on Zinc Market Supply & Demand & Projected Prices for Zinc

Woh !!!!!!!!!! " Wood Mackenzie is probably one of the most followed out there. They're currently -- they're targeting or their forecast prices for zinc, on a per pound basis, the average for 2017, is $1.35, is their average for the year. Looking forward into 2018, they're modeling $1.76 a pound and $1.70 a pound in 2019. And that's the latest reporting out of them."

THAT WOULD BE REAL GOOD FOR RVR - A good tide will lifts all boats including the good ship RVR

Select Detailed questions and answers from call below

Your next question comes from the line of Alexander [Mack] of [FDA].
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Unidentified Analyst, [22]
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Do you still think that there will be a shortage of zinc in the coming years? Zinc production rose 6.3% in the first 5 months of 2017. According to the Financial Times, European edition, a host of new projects are set to bring new supply next year. MMG will start a new mine in Australia next year. Vedanta will start a mine producing 250,000 tonnes in South Africa in 2018. Glencore will bring the idle production when they are in production again, yes?
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Mark Daniel Cruise, Trevali Mining Corporation - CEO, President and Director [23]
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Steve, I'll let you -- you can track those ones.
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Steve Stakiw, Trevali Mining Corporation - VP of IR & Corporate Communications [24]
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Absolutely. Alexander, no, good question. Certainly, we do monitor, obviously, any new supply that may materialize on the horizon. Certainly, the examples you gave, both Dugald River and Gamsberg, they're both currently, really, they're modeled into the current supply-demand cycle. So there is nothing out of the ordinary there. I think what you need to look at is there is no really large Tier 1 mines that are in the pipeline that are going to adversely affect the current deficits that we're seeing in the zinc supply market. As for Glencore's supply, certainly, that's one that people are watching as well. They took off just over 400,000 tonnes of zinc supply in late 2015. Really, I think to watch -- certainly, that supply will eventually come back on and find its way into the system. But I think the indications are that will be done in a very ordered and disciplined manner. Glencore went through the pain of taking those mines offline and putting them into care and maintenance to help support zinc price at that time. Certainly, they're not going to turn them all on and disrupt that after going through that process. I think what you'll see eventually is you'll see those mines kind of sequence in over the period of, probably, a year or so, and come back online, but I think it'll be done in a very disciplined and orderly manner.
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Operator [25]
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Your next question comes from the line of David Kaye, a private investor.
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David Kaye, [26]
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This question is for Mark or Steve. I'd like to know if you do have a range forecast for the price of zinc for the remainder of 2017, and also, for the full year of 2018 in U.S. dollars per pound?
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Steve Stakiw, Trevali Mining Corporation - VP of IR & Corporate Communications [27]
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Absolutely. If you look at, I guess, some of the research firms, for example, I know Wood Mackenzie is probably one of the most followed out there. They're currently -- they're targeting or their forecast prices for zinc, on a per pound basis, the average for 2017, is $1.35, is their average for the year. Looking forward into 2018, they're modeling $1.76 a pound and $1.70 a pound in 2019. And that's the latest reporting out of them.
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