The market really loves the Caribou newsThere are dopes on this board who are arguing with the market. The market does not like the Caribou news becaue it does nearly nothing to help profits. Opening Caribou with $1.25 zinc was just plain dumb. Caribou is an option on a high zinc price. Bone headed management cashed out the option at breakeven. With an option like Caribou, you patiently wait for a high zinc price and then cash out the option with a huge gain. Sure there is some expense in holding the option in the form of care and maintenance. That is a small price to pay for the potential of a big pay out.
Our bone headed management just has no idea how to make money for shareholders. They squandered the Caribou opportunity because they had no patience. Glencore will benefit, but Trevali share holders get nothing.