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

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From: LoneClone	10/25/2006 6:26:31 PM
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If you want to get a copy of a very interesting interview with Harlan Meade from PAX, send an e-mail to Sandra_Wicks@canaccord.com asking for it. Here's an excerpt that is not PAX-specific. "H.M: I’m not going to comment on gold and silver, nor am I going to comment on lead, because most of our value is in zinc – 70% to 75% of our value is zinc, that’s what I pay attention to. If anyone goes on our web site and downloads our zinc market overview, they will see that for 2 years now we have been forecasting zinc absolutely perfectly! That is something that people have been telling me, they say you have been absolutely perfect on the calls on zinc and that we have said there is a supply gap here that is opening up and that it is virtually un-fillable. We don’t know how we are going to fill it and the closest we’ll get to the supply balance is in late 2007 - early 2008 and then after that the supply gap just opens up. D.P: When you say opens up, you mean there is just not enough around? H.M: Well, we don’t even have the deposits in inventory, so even if you took all the deposits we know of and assumed that they all got filled you still wouldn’t fill the supply gap. D.P: Even with Voisey Bay coming on? H.M: If you look at the gap it is like 5 million tonnes by 2012, that’s like 10 Red Dogs, the worlds biggest zinc mine, that’s how big the gap is."

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