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

To: Gib Bogle who wrote (26066)	11/23/2006 1:36:21 AM
From: koan	Respond to of 78417

Yes, inelastic, so how low do we go?? LME warehouse drop has been absolutely relentless. 88,000 tons left. Nickel 6,000 tons left.

To: Gib Bogle who wrote (26066)	11/23/2006 1:42:38 AM
From: marcos	Read Replies (1) \| Respond to of 78417

With roofing it's not a show-stopper either, imho - just a few days ago i was talking with a guy who used to sell metal roofing here in BC, also has a fair bit of experience with farm style steel buildings, quonset huts and the like ... so i asked him, How much zinc by weight is on the sheet roofing, he said about three per cent, if that ... this stuff was electroplate i think, had polymers and then paint on top of the zinc ... he says with the old style corrugated sheet, even the hot-dip galvanising laid on to where it looks thick and is lumpy, zinc is still no more than five per cent ... and he seemed to know what he was talking about, had clearly been asked about this before This summer i was cutting some heavy t-bar and channel iron with an angle grinder, and watching how deep the zinc was, well not very deep at all ... hot-dip galvanising forms a real bond with the steel, the metals go to an alloy or something, it doesn't take much of a layer to protect Anyway, if you take five per cent, to protect a tonne of steel it would take fifty pounds of zinc ... the steel costs what, at least five hundred bucks in carload lots, then you're putting out all the construction costs to build something - say zinc doubles from here, it would cost two hundred bucks to galvanise that metal, that's rich but not so much in the great scheme of things In the tropics nobody likes those composite substitutes, asphalt shingles and the like ... bugs get in them for one thing, the sun turns them to sand, a good blow will peel them right off the roof ... actually wind blows a lot of sheet metal off too, but it stays in one piece, you can bash out the dents and use it again