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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (21228)	9/17/2006 8:46:03 AM
From: tyc:>	Read Replies (1) \| Respond to of 78408

Thanks for your reply Vet... I shall study it carefully to try to get my mind around it. This is a very interesting subject for us mining speculators. I believe it is true that bankers assess loan financing according to historic prices. For that reason very few new mines are able to raise adequate debt finance;..historic prices were so low and costs are now so high. That leaves the futures market into which a prospective producer might hedge to raise finance, but backwardation discourages that. So a big question in my mind is when can we expect normal contango in the metal markets ? My particular interest is zinc. Any comment you have here would be very much appreciated.