a good one to put in your long term drawer.

  1. 501 Posts.
    107m shares, share price $0.95.
    Cash and inventories $27.4m
    Borrowings $31m
    For 6 months to DEc 2004 ....
    Revenue ..$84m
    Profit .. $0.9m - very low in proportion to revenue!!!
    Outlook is very positine .... from management's presentation statements.
    In my view .....
    Zinc has risen from US$0.35 to US$0.60 in the last 2 years.
    Lead has doubled in price.
    The broken hill teething problems over and new ore discoveries have been made.
    Daisy Milano gold production imminent ...
    Has pulled back 20% ....
    I think this is a good one ... BUT ...Make up your own mind.
    Good luck



 
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