RE:$1.75 zincI think a lot of miners are not going to be motivated to spend expansion capital until they are convinced that any run-up in the price of zinc is likley to be sustained. Frankly, miners, shareholders, and the entire industry has been burned so many times by markets that have done the equivalent of "crying wolf", that you would need to be a fool to fall for this Wall Street / Central Bank manuipulated bullshit, yet again
If you are a zinc producer with an increasing revenue stream, just bank the profits until you can afford to pay for any production expansion in cash. Leverage has become a 4-letter word.
lazurusAZ wrote: The reason zinc will be running to $1.75 a pound shortly is precisely due to the fact that $1.25 has led to a major yawn from potential mine producers. None of the current re-explorers want to be miners and many of the current miners would rather give the business up also. The perfect storm.