Zinc market looking very good....I think we potentially have a decade long bull market for zinc coming.....
From Dundee Capital Markets this morning:
Zinc concentrate market continues to tighten.
Concentrate treatment charges (TC's) continued to fall through the first month of the year, with spot TC's at just $25-$45/tonne compared to $135-$150/tonne at the end of January 2016. China's zinc concentrate imports fell 13% YoY in December, adding to the market’s perception that China's refined zinc production in 2017 will be lower YoY. Due to the lack of concentrate availability, there have already been several small smelter closures announced. The largest domestic smelter in China, Zhuzhou, announced that it will cut 50,000 tonnes of refined zinc production this year due to lower profits caused by the extremely low zinc TC's. We would not be surprised to see further smelter cutbacks this year, which would further strengthen our bullish zinc thesis.
Largest shareholder of Canada Zinc Metals (CZX) -- is a Chinese tate-owned enterprise - huge mining group Tongling Nonferrous Metals.
Takeover possibility ? For sure.