RE: RE: RE: Tongling meetingJust messin' with ya...I thought that update was worth repeating !!!! C'mon zinc. Analysts are slowly starting to get bullish on you!!
From Canaccord Adams junior mining analysts:
Chinese Takeout Candidates
Insatiable appetite. In the first half of 2009, commodities discussion generally focused on China stockpiling physical metal, building inventories to supply feed for its expanding industrial base. With its storehouses bursting with metal, China may have altered its focus from the present to the future. Security of supply has tended to be tied to rarer metals and minerals. However, security of supply has taken on a different tone within the borders of China. Security of supply is no longer simply applicable to those specific resources required to sustain strategic industries that are considered vital to a national existence. For China, it seems that “security of supply” has evolved into a synonym for “competitive advantage”. Chinese demand for metals has been a significant factor in maintaining high metal prices and now it appears that China’s appetite for metals could begin to have a more significant impact on the pricing of mining equities. From an investor’s perspective, the goal is to own what China needs and China needs metals. And strategically, it could be easier for China’s state-owned corporations to fly under the radar and buy or take positions in smaller foreign corporations rather than their larger cousins. We return to our long-term thesis: own quality junior exploration and mining companies with superior projects. Canaccord Adams Junior Mining Weekly team highlights the following junior companies with projects that could be of interest to a Chinese mining group: Bear Creek Mining (BCM), Canada Zinc Metals (CZX), Candente Resources (DNT), Chariot Resources (CHD), Continental Minerals (KMK), Corriente Resources (CTQ).