RE: Lundin Mining is a big shareholder... in Canada Zinc Metals Corp (TSX.V : CZX)...
I was a PDAC earlier this week. What was most interesting was the buzz around zinc during the 4 day conference. Don Lindsay and Teck coming out with bullish comments, analyst from Haywood Securities saying during the commodities session on Sunday that he felt zinc had the most upside in the medium term. Good for LUN and good for juniors in the zinc space...
I read this from the Moriarity peice on Canada Zinc Metals with great interest. New resource coming out soon - 3 seasons of drilling to be added to the resource update. I have been accumulating in 50 cent range.
"At $197 rock, the deposit has almost $4.64 billion dollars worth of rock. Interestingly, the deposit is very sensitive to grade. If you lower the cutoff grade to 2% zinc, the theoretical rock value drops to $137 per tonne but the tonnage more than doubles. In theory, the metal in the ground would be worth just short of $7 billion.
There has been a lot of drilling done by the company since the resource came out in 2008. In 2011 they drilled an additional 5,667 meters with results of up to 14.54% combined lead/zinc over 8.5 meters.
The company will be at PDAC and that would be a good time to talk to them and now would be a great time to invest. They expect to release a new 43-101 resource the week of March 12."