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: TrueScouse who wrote (23555)	10/27/2006 9:48:30 AM
From: Herb Duncan	Read Replies (1) of 78416

I agree, the prevailing wisdom seems to be MMGG listing, it has been talked about for some time but when is anyones guess. I have had it and made money but with zinc going the way it's going I think for the short term the glory belongs to the producers, take a look at the chart for EZM over the past year. Something else for everyone to ponder. When the inventory drops to zero which will be around Feb or March of 2007 where will the major users of zinc get their supplies? My guess is that the smart ones are probably in direct discussion with the producers now in order to secure supplies for the coming year. If you are GM and know that you will need 15,000 tons for the coming year or you have to stop production you have secure it now. The producers are in the drivers seat and my guess it will not be for 1.80 per pound, probably more like 2.50 per pound. Final point, the higher zinc prices realized have not yet been carried to the quarterly earning, wait until this happens and the PE ratios of some of these companies are going to look ridiculous. They are going to be rolling in money.

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