Copper ended 2012 at $3.61/pound. The 2013 projection is $3.90/pound, up 8.03% from 2012. The 2014 projection is $3.72/pound, up 3.05% from 2012.
Zinc ended 2012 at $2,040/metric ton. The 2013 projection is $2,200/metric ton, an increase of 7.84% from 2012. The 2014 projection is $2,300/metric ton, up 12.75% from 2012.
Gold ended 2012 at $1,665/ ounce. The 2013 projection is $1,853/ounce, up 11.29% from 2012. The 2014 projection is $1,800/ounce, up 8.11% from 2012.
Zinc available has tumbled to 537,000, (the lowest in 6 and copper available on the LME is 335,000), which bodes well for the resale of AB, Chillagoe and West 45. Also Red dome value has probably gone up to around 60 million.
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held