PEX 0.00% 11.5¢ peel mining limited

Nothing Holding Us Back..., page-21

  1. 4,168 Posts.
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    Actually there is something holding us back. The glacial pace it is taking to report results. Now halfway through March. Nothing since late January. Momentum needs to be maintained.

    Zinc prices wont hold at current levels forever. Big recent increases in LME stocks. Everywhere from Arizona, British Columbia & Queensland a massive amount of new & mothballed production is poised to come online over the course of 2018 - 2019. There is only going to be a small window of opportunity available to extract the most value out of the current high zinc price. Management need to run hard with this by frequently updating the market. Many a smart geologist have made the mistake of not paying enough attention to the commercial realities of market timing.
 
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