They have reverted their errors after I emailed them. Nickel is back up 34% and zinc is back down 11%.
Zinc is actually at $0.82/lb, the 60 day low. The 1 year low is around $0.79/lb. Copper will probably be our money maker this year with zinc being barely above break even at the moment.
Copper is at $3.36/lb. Copper should be making us around $1.75/lb margin at these prices.
The 5-year strategy is targeting 120kt of zinc and 30kt of copper production. At today's prices and using this year's guidance copper will make up 58% of revenue. Assuming today's prices and the 5-year production target was achieved, copper would make up 50.6% of revenue. I am assuming zinc will rise more than copper in 5 years though, so by the time we hit the higher production level copper might make up just 40% of revenue.
KZL Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
