Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: loantech who wrote (17220)	7/31/2006 9:58:21 AM
From: LoneClone	Read Replies (2) of 78418

I've been wondering about those New Orleans stocks. Does anybody have any more info on what is involved in the decontamination process? "6. Depletion of usable zinc inventories. A large part of the current 186,700 tonnes of LME zinc stocks is in New Orleans and unavailable for use because of contamination after hurricane Katrina. As the usable stocks get used up, it will be interesting to see what happens to the price of zinc if they can't make the New Orleans inventory available. At the recent pace of depletion (over 30,000 tonnes per month over the last year), that could happen within the next few months. Even if all of the New Orleans inventory becomes usable, the current stocks will last less than 6 months if the trend in the below charts continues. " LC

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