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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V
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To: russwinter who wrote (245)7/30/2001 1:45:19 PM
From: Claude Cormier  Read Replies (1) of 505
 
I am not sure I understand this chart... zinc cash cost moves higher as cumulative production increases ???

I guess it means that 2,000,000 tons of zinc are produced at below current LME price while the rest of the worlwide production goes at a copst above current price. With total production near 9,000,000 tons I think, this charts means that almost 77% of worlwide production is in the read with some 44% deeply in the red.

What is your take ?
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