I think it will list at 20c and either be sold down to 12c or so...

I think it will list at 20c and either be sold down to 12c or so but that will depend on many things between now and then. Asset sales, debt/creditor disposition, AUD, Zinc price & China. Certainly creditors signing off on a binding DOCA is a major step forward. If we have a major correction now before October, they might stand a better chance of launching the IPO. There is a massive backlog of zinc on order 717,000 tonnes.