oversold, page-2

here is report from fnarena that might explain things

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And speaking of commodities, some may wish to avert their eyes at this point.


The savaging of base metal prices continues a-pace as the commodity fund divestment snowball gathers momentum. Lead was down another 10% last night, while aluminium lost 2% and copper and zinc 3%.


Base metal prices have now fallen below what is roughly regarded as production cost price in most cases. This should suggest an oversold position, and probably does, however (1) commodity funds are unwinding in a panic - never stand in front of a freight train; and (2) those production costs, in theory, will also come down as energy and other input costs come down. BHP and Rio were hit again by about another 2% offshore last night, and at some point a little bird will go "cheep". But don't try to be a hero.

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this is an interesting comment
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"Base metal prices have now fallen below what is roughly regarded as production cost price in most cases."

I wonder if this is the case with OZL

in the last reports in December margins (profit as % of revenue) for OXR and ZFX were 40% or 35% respectively

But that was at the peak. Metals prices have dropped considerably

I know costs are pretty high and margins for zinc, copper, nickel and gold are very SLIM

anybody like to flesh this out a bit. I'm sure it will put a lot of minds to rest

Like does anybody know what the costs, prices and margins for
copper
zinc
gold
nickel