Possible double bottom formed, This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with $NCZ a notable success recently.
Key #Zinc project numbers
www.proactiveinvestors.com.au
- Net present value: US$1.034 billion (US$909 million post tax);
- IRR (internal rate of return): 36% (35% post tax);
- capital cost: US$514 million;
- 3.3 million tonnes per annum mine rate/ production up to 200,000 tonnes per annum zinc metal;
- site cost: US$0.52 per pound of zinc (payable, net of by-product credits)
- mine life: 14 years (open ended and with further inferred resources that could potentially be converted to reserves);
- life of mine revenue: US$6.36 billion; and
- life of mine operating costs: US$3.03 billion.
ASX:IBG
ZINC
Green light to go long on copper?Copper has had a rough time over the past five or so years and is still at a pretty low price when compared to other base metals.
Lead, zinc, tin and aluminium have more or less been rallying since mid-2015, so just copper and nickel that have fallen behind.
Time for a quick burst of action upwards here- I have gone long with a small stake and fairly tight stop. First target shown at which point I will re-assess the trade.
Zinc Simple way to 2500 and 2700 USDZinc had have a great rise up to 2400$ from 1500 $ when some people dont believe this behavaior
now it is go to reach a big dam at 2580 - 2750 USD
what you think about it? tell me if you have any idea about it
thanks
ali
ZINKZinc move in channel up.
Now I formed a triangle from which it can go down.
Good deal with minimal risk.
