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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (23487)	10/25/2006 8:24:12 PM
From: jackjc	of 78419

LC, saw that somewhere and that except was memorable. Harlan said if ALL the planned projects actually proceeded................. And the 20pp RBC Zn report said they expected 25% of the projects to actually come onstream. And said the supply would not meet the demand. Then showed future expectations at 1.20-1.50 for 5 yrs during the supply gap. Just said they expected the shortage to maintain price at a high level.............. That is very poor thinking about price rationing IMO. And they then estimated long term Zn at .50, based solely on the estimate that long term costs of existing mines would be .53, less metal credits of .13, for net costs of .35. And stated that .50 would provide a good profit margin above cost. But they don't show where the supply could come from and how it could be capexed at that price. Howzzat gonna work out ?? So if large firms have such a disconnect from reality about the future of zinc, I will rely on Harlan Meade or his friend Merlin Bingham for my Zn investing.

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