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Business/Finance See other Business/Finance Articles Title: Zinc prices — One of the best performers in 2016, up more than 50% from 2015 lows Zinc prices — One of the best performers in 2016, up more than 50% from 2015 lows Posted on September 6, 2016 by Christopher Ecclestone 8,12 oz gold Nuggets Note from the Publisher: This morning Hallgarten & Company initiated coverage on Nevada Zinc Corporation (TSXV: NZN) with a Long Strategy position and a 12-month target price of CAD$1.12. To access this report titled Nevada Zinc – Riding the Wave of a Resurgent Base Metal, click here InvestorIntel, written by Christopher Ecclestone: The Great Zinc Drought might be said to be broken, but those calling the end of this protracted dry spell going back to 2006 have been proven foolish before. However, this time around the degradation of the zinc mining space through mine closures, lack of a pipeline of new projects (or even old mines to reopen) and virtually zero exploration since 2011 means that the landscape is not only parched it is veritably scorched earth. Zinc fell from about $0.90 per lb in the late ’80s to $0.40 per lb in 1993, then spent the rest of the decade constricted to a range between $0.40 and $0.55. Subscribe here to receive free daily InvestorIntel updates SIGN UP After the Tech Crash in 2000, it sunk below $0.40 per lb until 2003 when it began to regain traction. In 2004-5 it broke out above what appeared to be a multi-year $0.50/lb resistance and within two years quadrupled. In late 2006 it broke above $2 per lb. Now it is threatening to challenge the $1.10 per lb “ceiling” which has held it back in recent years. A breakthrough would be a significant event. Already though the truffle-hounds of the mining markets are off sniffing about for Zinc plays and they find little to their taste. Nevada Zinc Corporation (TSXV: NZN) though is an up and coming story which is starting to appear on the radars and we have published a research note on the exciting developments at the company (including its Yukon gold plays) and here we shall relay the main findings. Poster Comment: Just like on TV - GOLD RUSH! Only this time it is zinc. Post Comment Private Reply Ignore Thread
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