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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 (57)	2/10/1999 1:50:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 3270

Ray Have you any thoughts on Inmet Mining?

To: Ray Hughes who wrote (57)	2/10/1999 2:36:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 3270

There may be some extra inventory building because of Y2K problem. You state that 48 weeks would be critical with everything flowing normally. Adding in the other factors you mention and throwing in a gut feel factor, 12 weeks from now and we will be really roaring.

To: Ray Hughes who wrote (57)	2/10/1999 3:22:00 PM
From: chevalier	Read Replies (2) \| Respond to of 3270

thanks for the considerate response. You did everyone on this thread a great service. Now for the next question: what is everyone buying other than the Cominco's? Any juniors. The 2 that come to mind is BWR and SLR but are there any others?

To: Ray Hughes who wrote (57)	2/11/1999 12:44:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 3270

<<Only 245 k tonnes of new smelter capacity will come on stream in the next 12-18 months while consumption should rise by up to 400 k tonnes in 12-24 months. >> Reunion Plc's Skorpion deposit alone should take care of that excess demand with 150,000/y tons of zinc coming in the market within 12-24 months. Savages's Accha deposit should follow the next year with 75,000-150,000 tons... Of course, the demand could also be higher if Asia recovers faster.. A very hard situation to analyse..and the various groups that do so are not of the same opinion. As an example, SG group is forecasting only $0.50-$0.55 per pound in 2000-2001 with no smelter capacity problems.. Still I would favor your scenario...unless the trend in COMEX inventory drawdowns reverse. BTW, did I read a IRR of 35% for Vestor/Aupex ? Was that at $0.55 zinc? CC