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Gold/Mining/Energy : Silver prices

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To: Ray Hughes who wrote (887)3/14/1998 11:23:00 AM
From: Claude Cormier  Read Replies (3) of 8010
 
<< That brings up the point that PAA is also a zinc play in a bullish zinc market. The Quiruvilca mine really makes the bulk of its revenue (hence earnings) from zinc. >>

Is the zinc market that bullish...the price went down from the high $0.70's to the current $0.46..and inventories are back up near 475,000 tons from below 400,000 in fall 97. I know they reached 500K tons a few months ago and are now trending down...but the price remains at a very low level.. WHere do you see the price of zinc heading this year ?

Speaking of zinc, Breakwater is THE play in this market..

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