It seemed only a matter of time, zinc and copper going up while kzl staying roughly level - something had to give. Zinc exploded last night to new highs, I do have reservations regarding whether $1.20 can be maintained, seems to have moved too far too fast. Guys who purchased Century mine from OZL would be laughing, probably take a few quarters of profits to pay back cost of mine at these price levels.
Not sure if anyone else has taken this approach with the juniors, but went short BHP as insurance while loading up on KZL (after BHP left KZL behind). Has all worked out nicely after todays performance.
KZL Price at posting:
$1.20 Sentiment: None Disclosure: Held