GREY:STACF - Post by User
Comment by
JoeBloon Jan 04, 2007 5:54pm
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Post# 11958044
RE: Voisey bay sold for $4.1BN
RE: Voisey bay sold for $4.1BN Zinc is not the same as nickel. Nickel is scarce, zinc is not. There is lots of zinc in the world, but until recently (when China stopped being a net exporter), did it start to become interesting as a minable resource. Zinc production will eventually ramp up as the higher price continues to hold long enough to justify new mine expenditures. PAX is attractive because the ore is in Canada (ultra safe for investors compared with anywhere else in the world) and the company has the biggest known zinc ore body. Whoever produces this property will have the option of exercising OPEC like control over the market.