you're correct Reichman & I don't have my sheet at the moment to update on on current A$ rate & what prices of Zn we can break even.
Zn break even point at KP was around us$1.05/lb for ex rate of 0.89, which means that zn needs to continue its trend.
the pricinciple here is that Zn prices are predict to go ABOVE US$1.50 while pairity it what's expected of the A$ in best case scenario.
so the idea of seeing zn & cu going higher is only to prove the good outlook of their future, which was pretty much doubted by the slow recovery of USA.
there's a ratio between cu/gold that needs to be maintained (in terms of prediction of prices) for pretty much gold is driving the whole story now.
mentioning that we do have prospect gold/silver in KP so it all looks set.
cheers,
- Forums
- ASX - By Stock
- zn is $1.00/lb & cu is $3.00/lb!
you're correct Reichman & I don't have my sheet at the moment to...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.3¢ |
Change
0.001(1.39%) |
Mkt cap ! $68.26M |
Open | High | Low | Value | Volume |
7.1¢ | 7.3¢ | 7.1¢ | $21.40K | 294.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 31145 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.072 |
4 | 302633 | 0.071 |
2 | 400000 | 0.070 |
2 | 513000 | 0.069 |
1 | 170000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 31145 | 1 |
0.075 | 61845 | 2 |
0.077 | 300117 | 1 |
0.079 | 12000 | 1 |
0.083 | 78800 | 1 |
Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
Featured News
AAR (ASX) Chart |