"The prevailing feeling of the experts is that while zinc is unlikely to recover in a hurry, the long-term outlook remains encouraging. One reason for comfort is China's transition from a developing economy -- which uses steel mainly for construction -- to a full-blown consumer economy. This will lead to more demand for galvanised steel for white goods and cars. A galvanising stat: for every unit of steel, the US galvanises five times more than China. "
The entire article (by Tim Boreham) is a good read, and encouraging for the long term. But in the short term on what terms will they get finance to complete the mine at Perkoa ?
They plan to have it by the end of Sep with Sales Agreements to be completed before then, so there isn't so long to wait.
AIM Price at posting:
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