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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?


To: Ray Hughes who wrote (25)2/3/1999 9:30:00 AM
From: lorne  Read Replies (1) | Respond to of 3270
 
Bangkok--Feb 3--Padaeng Industry Plc is expecting to increase the
production of low cost silicate ore from its mine in Thailand's northern
province of Mae Sod to around 220,000 tonnes this year, up 20% on year.
This increase in output will represent a key step in Padaeng's strategy
to become 1 of the world's lowest cost zinc producers, newly appointed
President Brett Lambert told a press briefing today. By Laurent Malespine,
Bridge News, Story .14464



To: Ray Hughes who wrote (25)2/3/1999 11:49:00 AM
From: Claude Cormier  Read Replies (1) | Respond to of 3270
 
Ray,

DO you have an estimate of what price of zinc is needed for Newco to turn a net profit.



To: Ray Hughes who wrote (25)2/3/1999 12:36:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 3270
 
<<3) close on financing total capital requirements of US$45>>

Auspex/Vestor have an excellent deposit and should be able to finance at least partially the $US45M. But don't you think that they might have to do some sort of equity financing as well. If so, do you have any idea on the possible dillution.

CC