analyst opinions

not all analysts are pessimists for zinc and zinifex

here's the shaw synopsis ;-

ZINIFEX (ZFX) @ $10.50 ST: Buy
* HY profit increased by 73% to $1310m.
* Underlying profit from mining business of A$228m.
* HY dividend of A$0.35 declared, 100% franked (HY07: A$0.70).
* Increases bid for AGM to A$1.10ps.
* Dugald River feasibility/decision on track for end of 2008.
* Cost pressures appear to be easing.
* Comments that zinc market outlook appears overly pessimistic.
* FY08 underlying profit of A$350m forecast.
* NPV of >A$14.00ps based on US$1.00/lb zinc and A$0.80 long term.
* Maintain BUY recommendation with A$14.00ps price target.