LME Pb stocks below 80kt!, page-5

Is that a breakout Spidy ?

All I know is with stocks going the way they r that somethings gotta give. Stocks r literally plummeting so unless there is a country that’s been hoarding the stuff there’s only one way the price will go from here imo.

Personally I’ll wait till $1.00/lb before starting to get excited but given the historic low levels and the fact that the lead price reached $1.20 on higher stocks than current it will be interesting to see just how liked this unloved resource might become in the next year or so.

What I DO know is that $1.2o will push Abras value out the roof and I don’t think it will be just Sandfire eyeing it off.

The other thing is that 20% on the lead price doesn’t necessarily add that much to the cost of a car battery meaning imo people would wear such an increase. In fact it looks like they will have no choice if stocks run dry. $1.20 may look cheap !!!

Gr.