fundamentals for the week, page-17

Hi HK,

I just read Rebecca report and not sure where you get the 188T from...

I'm trying to post the table (but I think it may not come out in correct format)

zinc outlook
2006 2007 f 2008 f %
World change
Production kt 10 672 11 419 11 990 5.0
Consumption kt 11 049 11 403 11 802 3.5
Closing stocks kt 495 512 700 36.7
– weeks consumption 2.3 2.3 3.1 34.8
Price US$/t 3 276 3 372 2 875 – 14.7
USc/lb 148.6 153.0 130.4 – 14.8

Numbers I've been using come from ILZSG and WBMS, but the numbers differ widely, and seem to be changing constantly depending on the day of the week. Some days it is hugely in surplus, next day the surplus is only going to be "small"

Even Tony Barnes in the presentations on 2007 full year results shows 2008 Zinc Balance as heavily in surplus (p24 -http://www.zinifex.com/common/files/2007_Full_Year_Results.pdf)

If these guys dont know, how are we suppose to make a sound judgement????

Cheers
Muzza