Zinc over $1.50 US - What's the Problem?I see Trevali (Zinc miner) just down the road, last traded at $1.58. We last traded at .07 cents. Has anyone multiplied 1 billion lbs times the current zinc price of $1.50 US a pound? The other stuff here is gravy. Yes, I know there is a cost to mine it however this resource has already been shown to have a profitable payback when zinc prices were much lower. I know we are waiting for yet further assay results so it shoud be very interesting to see if any major can identify the value here. The average calculator doesn't have enough display when you multiply 1 billion times $1.50. I for one think PUM is worth more than .07 cents for obvious reasons.
The Murray Brook deposit contains historical resources of 1 billion pounds (lbs) of zinc, 183 million lbs of copper, 390 million lbs of lead, 23.9 million ounces (“oz”) silver and 338,000 oz. of gold within historical Measured and indicated Resources of 17,884,000 tons @ 2.73% Zn, 0.47% Cu, 0.99% Pb, 41.7 grams per ton (“g/t Ag”) and 0.59 g/T Au.