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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn
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To: CLK who wrote (95)2/13/1999 2:52:00 PM
From: Stephen O  Read Replies (1) of 3270
 
Simple. If we go into a depression then prices will go down and mines will close. Who knows how low. 10% zinc is an excellent grade. Do the calculation. 10% of a tonne is 220 lbs. times price 47c US/lb = $103US. Mining costs underground approx $50 a tonne, open pit much less. Should be profitable. Need to know total tonnage, shape and width of ore body, environmental factors, tailing ponds, shipping costs and other metals in ore eg silver,lead.
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