TZN
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10.0% 5.5¢ terramin australia limited.

pattersons's report leverage to zinc price

  1. Michael1
    404 Posts.
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    27/05/09
    15:55
    Post #: 5210777
    Interesting reading the pattersons stock report on TZN which gave only a 44 cent 12 mth price target on the stock

    https://secure.psl.com.au/library/TZN090430.pdf

    what i found interesting were the following comments regarding the hugh senstivity of TZN to zinc price movements.

    " TZN shows huge leverage to a higher zinc price so when the zinc price does recover TZN is a great place to be....Our price target increased by 32cps or 70% for every 10% increase in zinc price, 5cps or 11% for every 10% increase in lead......."




    TZN Price at posting: 65.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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