zinc up strong 1.67, page-2

I think the Angus go ahead is almost a certainty. Almost that is…say 95% for..5% against. The SA government would be crazy to stop this project because of the economic benefits it would bring. They’re trying to build the resource sector in SA not sand bag it.
Then there are the Menninnie drill results which should be coming in every few months. That could turn out to be huge. Algeria could be the big one. That looks to be 10x the size of Angus right on the Mediteranian and close to a deep water port and European refineries. BHP is building a $3.5 billion LNG plant nearby so I think sovereign risk there is very low. BHP would have done a thorough sovereign risk analysis.
For me the biggest risk is the zinc price and maybe some equity funding (some…just maybe). If zinc can hold above US$1.00 lb we’ll see at least $3 per share in the next 18 months IMO. Great buying at these prices but I’m holding heaps so I could be a little biased. ;-)) so do your homework.

Go TZN

Tim