Are NCZ's current low prices due to the potential Chinese recession (obvious to me based on the Chinese government crushing independently minded billionaires and generally increasing political risk for investors/ debt problems associated with pumping construction to avoid recessions/ the demographic timebomb/ Chinese demographics being worsened further if young intelligent skilled labour would rather live elsewhere), investors assuming zinc prices will fall as much as iron ore prices have - despite iron ore prices also falling because supply has come back online, or something else?
I still conservatively value NCZ at 25c/share but I would like to diversify away from zinc. I have learnt the hard way* that markets can remain wrong for longer than I have spare funds to invest in things that I consider undervalued.
* Wisdom is often far more expensive than education and learnt a decade too late.
NCZ Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
