IKN

Upmoves in most everything metallic, but a massive upmove in zinc. Here’s the three month chart:

Breakwater Resources (BWR.to) up 15% at $0.23. Remember this one? We used to follow it last year and I’ve always looked to it as a good way of leveraging Zn. It was bouncing around 8c at the end of last year, and here we are back at a price that finally…finally drags me away from my Latam-centric viewpoint and catches my attention again. If this Zn move is really for real (which I doubt..saying it again), BWR.to will go higher, be in no doubt. Check the 24 month chart on the stock to see where it came from.

Vena Resources (VEM.to) up 9.2% at $0.295. Vena also has significant zinc exposure via its Azulcocha mine in Peru. It’s in good position to move forward quickly, too, as all the government permit are now in place. I like this stock for all sorts of reasons, though, not just the Zn angle.

Fortuna Silver (FVI.v) up a penny at $0.89, which will be a great relief to the Bob Moriarty’s flock as he’s now climbed back to UNCH on his reco. C’mon Blowhard…buy few more and let’s get you back in the green. The 1q09 report is due May 15th and we’re looking for good numbers, remember. However further down the line watch out for mark-to-markets in 2q09.

Fronteer (FRG) up 2.6% at $2.63 and can’t seem to break out from this level. Those wishing to buy (and it’s still cheap) sould be able to get in in the $2.50s if they wait around. I own, I like, I got long-term (one of the very few stocks I’m prepared to hold through…all depends on my resolve).