Zinc UpdateWhat is truly incredible about the super-buliish report on zinc below is the way these fabulous fundamentals have affected CEM's stock price. The closing price today is $0.11, the stock was at the same price in November 2012, after the Dowa deal had been announced and before any work had begun. Shareholders of Constantine metals are rightly frustrated that the companies gold projects have gotten no attention while gold and gold shares have had their best yearly start in history. But it gets even worse. Three years of successful exploration and building tonnage rich in the world's best performing metal in 2016 are worth nothing. The stock price is unchanged!
"Since January 12th, zinc has been the world's best performing metal - with zinc rising 54.98% vs. silver rising 44.45%, gold rising 23.51%, and copper rising 10.16%.
A major supply imbalance is taking place in the zinc market. In February 2016, zinc usage of 1,013,900 tonnes was far greater than zinc mine production of only 973,030 tonnes - for a supply shortage of 40,870 tonnes. Since February, zinc usage has increased by a stunning 19.1% to 1,207,400 tonnes in the month of May 2016. However, zinc mine production has only increased during this period by 14.86% to 1,117,900 tonnes in the month of May 2016. The monthly zinc supply shortage has more than doubled in recent months to 89,500 tonnes!"