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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn
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To: Ray Hughes who wrote (126)2/25/1999 2:32:00 PM
From: jack hampton  Read Replies (2) of 3270
 
I'm with you Ray. For the following reasons.....

1) A long list of mine closures over the next 5 years. Some biggies such as Mt. Isa (original mine and Hilton), Sullivan, Polaris, Selbaie, Hellyer, Heath Steele etc. etc.

2) The next tier of producers cannot justify the capital at current prices.

3) Glencore has established pricing power through their aquisitions. These are the guys I suspect are behind the squeeze.

4) Noticed that Kidd Creek has not committed to #4 or D mine yet? Their window of opportunity is gone IMO.

5) Some established operations are in a deep slide. Should be interesting to see how long Brunswick Mining can hang in there. Broken Hill is on the decline as are others such as Rosebury, Golden Grove etc.

6) Name me the new Canadian production replacing all this? Century in Oz is big but they got silica problems. That is why they bought Savage since their plant only takes low iron feed and if they own it>> no silica penalties.

7) If Mt. Isa gets the Fisher mine to 2.5 M tonnes per annum in two years, I'm a monkeys uncle because there is a big graphitic shear zone running through the guts of the best orebody. Dilution city.

8) Can zinc head for oversupply when the concentrate is not there??

9) Anyone noticed that Noranda is essentially out of smelter feed in 6-7 years time? They're having troubles with their acquisition plans right now since they are finding that their is nothing worth investing in.

10) Hey Kevin, ever heard of anything called a cost curve?

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