InvestorsHub Logo
Followers 65
Posts 12997
Boards Moderated 3
Alias Born 01/11/2006

Re: None

Wednesday, 03/22/2006 3:53:24 PM

Wednesday, March 22, 2006 3:53:24 PM

Post# of 115222
Here's something interesting.

From previous release:

"The proven reserves are comprised of 5.2 million ounces of gold, 30 million ounces of silver, 65,468 tons of tin, 336,965 tons of zinc, 79,203 tons of lead and 17,730 tons of copper."

From Bloomberg today:

"Zinc for delivery in three months on the LME rose as much as $20, or 0.8 percent, to $2,490 a metric ton, beating the previous all-time high reached on March 17 by $5. The contract traded at $2,480 a ton as of 10:33 a.m. local time."

I don't know what the mining costs for zinc are, but at current prices that would equate into $835 million in future gross revenues FROM ZINC ALONE.

I called 2 guys and they are going to monitor aurc on their streamers and check it out. Loaded for bear at .05 and below in the meantime.

Vic