I am sure you have seen extract below this but if not might be of interest - copper price also very pertinent
Even on todays subdued prices that would imply a fair amount of income - and this is off the confirmed resources _ I believe there are large areas that have not been test drilled yet .Clearly extraction costs will have to come off .
Life of mine revenues would be derived chiefly from copper and zinc, each providing about 40 per cent of the total, with lead, silver and gold making up the other 20 per cent. In the early years of production zinc would provide a higher proportion of the revenues. All of the mining would be underground so surface disturbance would be minimal. When in full production at 350,000 tonnes per year the mine is expected to produce about 20,000 tonnes of zinc, 8,000 tonnes of copper and 7,000 tonnes of lead metal in concentrates each year.
China has vowed to reduce the amount of steel it makes, Business Secretary Sajid Javid said. He spoke after attending a crisis meeting in Brussels about the global steel glut. China has "absolutely recognised that it is a problem of overcapacity in their country", Mr Javid said. "They're committing to do something about it and I think that's a very positive step forward." Mr Javid said it was the first time all the major steel-producing nations had come together with the industry to discuss the issue of excess capacity.
Maybe the reason warehouse stocks of zinc are low is that there is no short term demand? UK steel is closing because we cannot compete. Also if Zinc prices there are other Zinc mines that have previously been mothballed but could lurch back into production.
1) Brent, Zinc nearly went to 86c today settled back to 85.5c, levels at 418k tons wahoo, 2) Bill wake up its happening, 2 years to production you told us, lets get going, we need to start now, 3) coppertop FFS !!!!!!! send us the pics,( FFS is nothing to do with a first feasibility study) 4) MMs, drop the price again please, I haven't got my million shares, close but not quite yet 8-)) 5) Everyone, a £12m buyout offer for Parys is a 5 bagger from here.
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