Zinc was oversold. Fundamentals for Zinc at least for this year, and PROBABLY for next year, very good. Zinifex earnings are huge. Dividends increasing. Dugald River and other deals will overcome any nervousness re mine life or future reserves. Smelter spinoff gets rid of legacy costs.
All good. THEREFORE;
We'll see a share price of $20.00 before it ever goes to $15.00.
If there is a general market crash I believe ZFX will be a bellweather stock, the yield and P/E are too attractive to cause any significant loss of capitalisation.
So there it is.
ZFX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held