OXR is under pressure to make an acquisition because it is seen as prey by Xstrata & co.. also the analysts have it under fire because estimates of earnings are dropping slightly this year and production expansion is a year away.
If true, to defend itself OXR it needs to bulk up large enough to make it difficult to swallow and needs access bolt on extra production/cashflow. ZFX is ideal with the smelters unlocking up to 4B of cash, plus 1.5B in profit this year. KZL on the other hand I think it too small and is priced at a significant premium compared to other zinc miners. Also with the production issues I think would just add to OXR's problems right now
kzl takeover, page-6
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