I saw the latest Goldman Sachs view on metals yesterday and even they gave two scenarios for metals. the base case
(60%probability)is a 75kt (2012) and 101KT (2013) deficit in Zircon.prices of $2800 and $2825 for those years. 2011 price is $1898 est.
If we have the slow down -40%-chance. then there is still deficit in both 2012 and 2013 and estimated price of $2500 both years.Still up 40% from 2011 levels.It is easily the best performing metal in a downside scenario and in a base case is only beaten by Rutile.
So long as you belive DRX has a robust enough depsosit it is one of the few sit and hold stocks in low tier resources.
still waiting, page-7
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $130.2M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.6¢ | $24.63K | 947.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1898147 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 2100512 | 4 |
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| Last trade - 14.23pm 28/10/2024 (20 minute delay) ? |
| DRX (ASX) Chart |