BREND said:Yippie! I believe zinc is still an undervalued metal.
As I mentioned earlier, demand of zinc in China has picked up. And now some funds believe that base metal demand will rise after Chinese New Year, so they bought up metal futures before the Chinese holidays. This is why base metals across the board are up lately.
But I believe aluminum price has overrun its fundamental, provides a good opportunity to short this metal:
http://basemetal-trading.blogspot.com/2007/02/short-aluminum-at-2836.html
michael_selway said:Hi thanks
btw were u bullish on Aluminum recently? or am i wrong?
thx
MS
michael_selway said:Hi thanks
btw were u bullish on Aluminum recently? or am i wrong?
thx
MS
rwkni1 said:Aluminium prices have been tracking between $1.20 and $1.30/lb for the past 3 months. What sort of upside were you expecting?
BREND said:I think you have mixed up on my views. I suddenly remember I did say aluminum is my 3rd favourite metal, and this is correct because this metal has risen for the past months. But I think it has reached the peak already.
BREND said:China will draw out a lot of zinc inventory from LME warehouse soon.:
michael_selway said:how many tonnes in what exact time frame?
thx
mS
MiningGuru said:Zinc up a lot over the weekend and today.
I expect this to continue and a further strong recovery of Zinc stocks, ZFX, KZL and others.
The Express... 26 Feb 07
An Australian zinc miner with world class ambitions is gearing up for production by floating on Aim next month.
Zeehan Zinc, which has interests in western Tasmania, owns exploration licences and mining leases in areas next to regions proven to be rich in natural resources.
It bought the licences when commodity prices were cheap in the late 1990s and early 2000s.
Zeehan, advised by Libertas, is looking to raise GBP9.5million from the March 6 listing.
Investors include specialist investment group RAB Capital which is not selling in the float.
Chief executive John Pollard says one mine, Comstock, is to come into production within eight weeks of listing.
Starting with 200,000 tons annually, moving up to 800,000 in each of the next two years, it will have a mine life of more than five years with reserves of 4.7million tons.
It will cost $0.61 to mine each pound of zinc.
Pollard is confident of finding more metals in the ground. The group also has two exploration projects being developed.
We could be a worldclass mining group, he predicted.
There is mining and processing equipment on-site and the state government of Tasmania has already built a road.
Pollard added: We are confident of increasing our resource base through further exploration activity, which will provide investors with potentially very attractive upside in the future.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?