Portex Minerals Inc STACF

I suspect that folks selling...

[JoeBlo]

at this time think zinc can easily go back to $.35 to $.50 per pound. But I seriously doubt you will ever see it go below a $1.00 US per pound again. Why? Several reasons. An important one that keeps getting overlooked is inflation which is running much higher than official numbers. The cost to produce ore is going up with inflation. Another is that there is only so much easily accessible zinc out there. The next mining frontier will likely be in the world's oceans (where costs are much higher). And ALL commodities the world over are running out. The world's population is putting the greatest demand on commodities that has ever been experienced, and there is a limited amount out there. You are seeing this in oil right now. That's right, easy oil is running out. No new big fields have been discovered for years (decades?). Its just a matter of a few years before permanent annual production declines become the norm. Not to worry though since there are a host of alternative energy sources that will fill the gap. Third, world economies are expanding. China is growing in a way that has never been experienced anywhere in history. This growth demands massive supplies of all commodities. Further, on a historical basis, zinc and virtually all other commodities are still way below "normal" prices when adjusted for real inflation. The likelihood for significant upside is extremely strong going forward. Property's like PAX are unique. Its not likely that another zinc property like this one will be found again for a long time if ever. The time is right too. High inflation, high demand, shrinking supply. Rarely does one ever this many positives working for an investment. Selling now is only a good idea if you have a better place to put the cash...