The management of Zincronium plc plans to produce $200,000$ of zinc pounds next year provided that the economic conditions prove to be favourable. The extraction cost is estimated to be EURO $1\mathrm{.}70$ per pound. The management is forecasting two possible zinc prices next year, depending on the level of demand: either $($a$)$ EURO $1\mathrm{.}10$ per pound in the case that demand will be low, or $($b$)$ EURO $2$ per pound if the high demand state of nature will be realised. At the moment, the year one zinc forward contract price is trading at EURO $1\mathrm{.}30$ with the one$-$year risk free interest rate at the $6\%$ level. Calculate the value of this mine using the tracking portfolio approach.