The LME levels aren't as accurate as to the true state of the...

The LME levels aren't as accurate as to the true state of the market as they used to be, but they do still point to a tightening of the lead market.

What is far more bullish is Toho getting involved. They will have the best idea of the long term supply issues in the industry and if they are putting down serious cash to get access to Abra this is telling you supply will be tight for some time. When smelters are buying mines they are not think the market is going to be flooded in cheap ore anytime soon.