RE:RE:RE:RE:LME Zinc Hits 14-Year High As European Smelters Halve OutputTotally agree, I'll see where my position ends up shortly. I'm seeing a convergence between intrinsic value of share price and where it should be shortly just based on existing infrastructure value. Of course if silver and AIC don't cooperate it's different story. Why AXU needs to have 100% clarification of Bermingham, etc. reserves before proceeeding and is so quiet on issueing reports is beyond me. By Q3 the drill program should be completed ans we'll see what AXU has to say.
Thank you for the addtional insight, it was another way of looking at this stock and I added that to my analysis. The price is unusually low, a point which I attributed to the issue we're seeing or will seeing with the global economy, especially the financial results and forward looking energy issues being reported coming out of China and the US. IMO there are at least 20 (Canadian) energy companies that stand to gain out current global conditions and the Cdn$ but will also increase costs for energy intensive companies. All in all an interesting situation.