LME Pb stocks under 70Kt, page-26

What r cancelled warrants doing Bnw ?

Last I heard they had over 41,000ts on cancelled warrants which is  over 50 % of the LME stockpile. If they r pulled from the stockpile that will make less than 40,000t available for cancelling.

So I wouldnt be trying to push the sp down that way re the Pb price. This stockpile fundamental will likely hold the Pb price where it is ftm.

But then its not really a factor. Have U looked at the NPV Pb price sensitivity analysis Bnw? They will still make good cash even if the Pb price tanks it back to 75/80c.

Gr.