selwyn massively downsizes flagship zn project, page-5

The problem is average zinc demand. We all know the supply story and outlook but if there ain't no rise in demand it all means diddly squat. Whilst demand for zinc is better than it appears on the surface, (China stocks down 20% with a bit on backorder & the LME has 7% on backorder) it needs to pickup a lot in the second half for things to fall into place and for KZL assets they want to sell to receive attractive offers.

This is the 3rd credit crisis we have had in 3 years. Odds are that there won't be a 4th any time soon. So, as soon as this first half, second quarter and June 17 is out of the way, we can all get on with the job.

I just hope Europe can finally keep Greece out of the headlines for a while. One way or the other...and that's a big hope...

At any rate China might save the day later in the year as a new premier comes in. I am watching Chinese zinc demand closely. At present it looks promising.