placement , financing pretty much sown up, page-6

Of further note,

Maccas commodity sheet today has zinc supply hitting critical levels shortly and the outlook for the next three years is for higher zinc prices.

In addition there was a comment about Xstrata having difficulties with McArthur River open cut approval which may see the underground mine close before the end of the year-taking a further 160,000 tonnes of annual zinc production out of the market (around 1.5% of global production). Another outcome not factored in by the forecasters.

Looks good for zinc stocks, even those in boring development mode!

Cheers,TAS