Looking forward, the zinc market is expected to remain in surplus until 2014 by which time some large zinc mines are scheduled for closure (at which point currently high stock levels would begin to get drawn down to fill widening supply deficits).
2500 US$/ton for 2014 and prices of in average around 2200 US$/ton fot the following years are absolutely possible.
So a net profit of roughly 30m A$ per year might be possible. Quite a lot of cash for the development of Kitumba....
Any views / opinions ? I hope we will see a rebound toward 1.35 tomorrow.
zinc, page-4
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