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1,686 Posts.
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02/09/11
16:16
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Headline stocks of Zinc are at: 855,000t or so
Cancelled warrants on the LME have grown to = 66,525
Should knock stocks back under 800,000 in the short-term.
We are just 3-4 years away from the closure of the Century mine, the world's largest zinc producing body that adds 500,000t a year to reserves.
The time to buy zinc stocks from my experience is 2-3 years before this drawdown starts.
KZL have the capacity to ramp up zinc production to 100,000t from about 40-50,000t today.
See chart: (just click on the image for data source)
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