Good Timing - “Zinc to Shoot North”, page-2

We'll see !

Problem is Jeff Hussey seems to be ignoring the fact that the current Zn price has more to do with Glencore removing 500,000 t of production in October 2015. Zinc producers were going broke at that time due to low prices. The price doubled after that event. Glencore have only reactivated a small proportion of that production since. Some big mines have recently come online. Dugald River & New Century Zinc will both be amongst the worlds top 10 producers. If South 32 decide to develop the Arizona Mining deposit of 100m t @ 10.4% Zn anytime soon then Mr Hussey's statements will look quite optimistic indeed.

I sincerely hope he is right. But i have been around this game long enough to know that history is littered with evidence of miners getting the cycle wrong. Building new mines and bringing them online into a supply glut.

What may seem at times impatience on my part is really annoyance at the snails pace these guys have been moving. There is a narrow window of opportunity to get this right & maximise shareholder value.