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Tinka Resources Ltd V.TK

Alternate Symbol(s):  TKRFF

Tinka Resources Limited is a Canada-based exploration and development company. The Company is engaged in the acquisition and exploration of mineral properties located in Peru. The Company’s flagship property is Ayawilca Zinc-Silver-tin project, located 200 kilometers (km) northeast of Lima, in the Pasco region of central Peru. The Ayawilca Zinc-Silver project is located 40 km northwest of the Cerro de Pasco mine (copper-zinc-lead-silver), and 100 km south of the giant Antamina mine (copper-zinc). Its Silvia Project consists of 16 granted concessions for 10,906 hectares, located in the Department of Huanuco in central Peru. The project lies approximately 80 km south and along strike of Antamina. The Company has also granted with two mining concessions totaling 1,200 hectares, namely Pampahuasi Property. The Colquipucro silver Zone is located 1.5 km north of the Ayawilca Zinc Zone.


TSXV:TK - Post by User

Bullboard Posts
Post by TinkaBellon Aug 24, 2017 4:36pm
132 Views
Post# 26618914

You should be buying

You should be buying

Zinc’s run has all the hallmarks of a supply (or lack thereof) driven move, which tend to be swift and devoid of major pullbacks or periods of choppiness.

This is supported by the hard data, which shows that since 2012, we’ve seen over 1 million tonnes (Mt) of shuttered production in a 13Mt market*1. Glencore alone (the world’s largest zinc producer) cut its zinc production by 24% in 2016, a year which also saw the closing of two of the world’s major zinc mines in Century (Australia) and Lisheen (Ireland).

We have been hearing of potential tightness in the zinc market for a while now, only to see “hidden” supply (likely of Chinese origin) dumped on the market whenever prices rallied.

However, this dynamic seems to have completely changed and Chinese figures now show the country is dealing with a significant mined deficit caused by declining production from the countries domestic mines.

Last week’s news that the Chinese government ordered a shutdown of all the lead and zinc mines in the Hunan province’s Huayuan county (a major zinc producing region) suggests that the countries zinc deficit is only likely to grow in the near to mid-term, further adding to the already strong tailwinds currently affecting the zinc price.

Bullboard Posts