It was noted that while a couple of zinc mines are projected to close down this year, that company issued projections for zinc output show only a 10% decline in production this year and back up to '04 levels next year. These mine closures were projected last Sept when zinc prices were much lower. I wonder if they might now keep those mines open with profit margins up 400% from last year? If so, that might mean substantial increases in output over 9/04 estimates. Does anyone know if zinc ores typically peter out over long distances or the veins stop suddenly?
Earnings should be out in the next week or so. Numbers and particularly forward guidance (if offered) should be impressive. There seems to have been a big seller last week, maybe he is done now??
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