Woods Mackenzieforcasting average zinc price of $1.70 for 2018. I think it will be higher than this. Based on my dartboard, I see $2+ zinc in 3rd qtr. 2018 and it will last longer than anticipated. Higher for longer.
3 growth engines for 2019 and onward not factored into discounted cashflows from analsysts yet.
1. Doubling Santander production with higher grades.
2. 50% increase in throughput at one of African mines.
3. Halfmile/Stratmat/Heath Steele.
These, along with Monetization of the hidden asset on the books (39% interest), will get the analysts to have targets in high 2's to low 3's in early 2018.
Got zinc? (F th milk).
Trevali does.