ZFX zinifex limited

zinc reality check, page-22

  1. 3,445 Posts.
    Gann

    I think the reason that posters are calling $13 impossible is basically the market cap in relation to cash on hand, profit made this year (massive first half I would guess), funds from the smelter spin off and future profits.

    In regards to the zinc price who knows. But you are right on one thing it looks shot and things don't fall for no reason. The question is it a short or long term issue that has caused the fall? Stocks seem at an equilibrium now - more drawdowns like the last couple of days and I might start buying, more stock build up ala copper and i'm worried.
 
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