same pigs different trough, page-39

The statement made by a previous poster that the current zinc prices are 70% above the last 10 year average is just wrong.

2003 35c/lb
2004 60c
2005 60c
2006 $2.10
2008 50c
2009 $1.20
2010 $1.10

These prices are in U.S. and do not take into account Forex. Considering the AUD is at all time highs this would make signifacant upside changes to the price in AUD. This also doesn't take into account CPI increases which at an ave of 3.5% should increase the price by circa 42% from 10 years ago. So in fact on a comparable basis, the price of zinc is more likely at 10 year lows ( discounting 2008).

If Kagara can weather the storm and come through the other side with a few bandages rather than a terminal case the this could quite possiby be the buy of the year.