Surface samples should be seen as positive but never give conclusive evidence of what’s in the ground.
They are somewhat misleading, what is put in a plastic bag is virtually never reality. KSN rock chips of huge lithium grades, EUC Huge Cobalt grade, VRC Huge graphite grade, all have turned out crap so far.
My point is many companies have great samples, then the drill results turn out to be dog....
“Re-rate anytime now” you say...hmmmmmm
Maybe look at the macro environment for Zinc at the moment, it hit its lowest price in a year yesterday, so the sentiment for it isn’t there right now. Stock piles have started to slowly be refilled. Still low on a 5 year chart though but the market has slowly started to recover.
Link for proof;
http://www.kitco.com/news/2018-07-10/METALS-Zinc-falls-to-lowest-in-more-than-a-year.html
Longer term I’m bullish on Zinc to be honest but I don’t think this will be a Zinc play long term, if it is, the acquisitions that have been mentioned will be crucial
I wonder at this all the time on gold specs... people get so caught up on how bullish gold is or isn't, and meanwhile, it makes no difference when your year/s away from production anyway
