GREY:KRMEF - Post by User
Post by
TripleR44on Feb 06, 2018 4:32pm
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Post# 27514139
Triple R says Easy Triple
Triple R says Easy Triple TD increased zinc 2018 price forecast to $1.76lb (from $1.65lb).
2019 - $1.75
2020 - $1.50
Zinc inventories low and getting lower
Zinc concentrate charges at all time lows
Chinese mine supply weak; refined imports at record levels
NEXA (Brazil Metals Giant - formerly Vortorantum) - 70 percent major partner of Aripuana deposit now public trading up from IPO
NEXA IPO raised 3 quarter billion for mine development costs
Karmin carried by NEXA to BFS and is not required to contribute until 18 months after the BFS.
Karmin owns 30 percent of one of the worlds 10th largest undeveloped zinc deposit in the world with a 24 year mine life to start (huge indicated and inferred reserves for expansion). Karmin won't be sold for $1.00 US per pound zinc in the ground given current and aticipated zinc prices. Lead is also on a tear at all time highs. Karmin owns all the leachable gold on surface to stream if necessary. The Karmin land position is also 820 square km including surface mining right for shares properties with NEXA.
2018 should be a great year for Karmin investors indeed.