ZINC The base metal. News and Views. Symbol Zn Message Board

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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn

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To: chevalier who wrote (60)	2/11/1999 12:58:00 AM
From: Claude Cormier	Read Replies (1) of 3270

<<Any juniors.>> Ray's Auspex/Vestor are definitely worth a look. Very promising. I think combined market cap will be below $25M which is very low for the cash flows they can eventually get from their property. My prefered plays are Reunion Mining on the LSE and Southwestern Gold on the TSE. Both have large deposits between 10 and 20M tons with 9-10% zinc in open pits configurtations. Reunion has a feasibility in hand with production costs of $0.24/pound.. But IRR is only 25% due to high capital costs. In that regard Auspex/Vestor are in a unique situation. Ask Ray. SWG is partner with Savage in Peru and will get net cash flows most likely within 3 years...without spending a dime. But even is REUNION and SWG will cash in big time on zinc early in the next century...they are not as pure plays as is Auspex/Vestor. SWG/Savage Accha deposit will have great synergies with Savage's Clarksville smelter.. As for BWR... I certainly like them a lot... very high leverage.. But they need zinc to go up fast... They are not going through easy times.. CC

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