I a think, you guys might want to take a look at how the markets are valuing these companies.
BHP's after dividend PE is 12.60
Zinfex after divident PE is 12.66
So ZFX is valued correctled.
However BHP's forward earnings are still rising, ZFX's are not, ZFX's after dividend profit for 2008 or 2009 (forget which fin year) is expected to be $1.036 valuing it at $13.11 so there is nothing cheap about ZFX trading on its current PE.
Infact when you look at the risks ZFX has going forward not only having a narrow scope but also the risks of mining costs rising, its value is more then fair.
ZFX
zinifex limited
I a think, you guys might want to take a look at how the markets...
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