zinc tsunmai, page-10

I have not looked at fundamentals properly for awhile but you guys freaked me out with "Zinc tsunami". I also try to look at the charts as a back up.

I went back to basics of shares issued, 70,000t per year production, at todays US rate and using US$3100p/t and using a est p/e of 6. I can't get less than .52c per share.

This is still in line to Lonsec estimates back in Nov where they estimated .62cper share at $1.40lb, when there was a zinc shortage. Now 2months later and no shortage. Let's see what the experts say in another 2 months.

Dont forget in Aim's forecast they have factored the price of Zinc down to us$2,300p/t by 2010 and to $1700 the following year 2011.

It would be great to see zinc price climb but if it can stabilise for awhile longer that will do me.

Of course we should always be wary, but if we go into doom and gloom mode completely, then we might as well take all your money out of shares and put it in a bank.