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: Mr. Aloha who wrote (34046)	2/26/2007 12:01:59 PM
From: hank2010	Read Replies (2) of 78420

Most of the moly deposits you mention are even older 25+? I think the first ones that will reach production will be Climax, owned by Phelps Dodge, and/or Davidson/tisdale owned by Blue Pearl. The first guy in will negatively affect the enthusiasm for the next. Keep in mind however, that one pipeline of the size of the alaska line would take the entire production from one of these new mines. And there are many proposed lines. Japanese banks have stated they will not finance any pipelines unless they are using high moly steel. There are also sizable zinc deposits that are remote, or in envir. sensitive areas etc., that have been known for many years. However, small and mid-size producers of high grade zinc can make a difference, IMO. In an area with infrastructure, production can be achieved real quick. e.g. nickel mines in sudbury area. FNX started production from new zones at Levack in Dec. 06 after 2 or 3 years. Podolsky is projected to start in late 2007 or early 2008 after only 3 years. Chile is loaded with lead/zinc deposits that are not well publicized. Mexico deposits better known. China is the big consumer of zinc. Everybody speculates on Chinese demand. Someone posted to-day about Chinese discoveries. that is the first I have seen about recognition of Chinese potential for expanded production of zinc. Bottom line: yes zinc prices will stay high IMO. but moly and nickel will surpass zinc. We disagree, but I would not bet that I am right and you are wrong. I am betting that moly, nickel and zinc will all stay high.

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