CBH Resources On A Roll With More In Store.By Our Man In OzWhat...

CBH Resources On A Roll With More In Store.


By Our Man In Oz



What a difference a year makes! In just 12-months the Australian zinc miner CBH Resources has swept away a pall of gloom, and emerged as one of the biggest winners from the zinc boom with a remarkably attractive growth profile. The resurrection is best told through the mood of two annual meetings. On November 7 last year pessimism pervaded the gathering of shareholders in Sydney’s Wentworth Hotel. Production at the flagship Endeavor mine in western New South Wales had slumped after an underground collapse, the zinc price was trending up, but still below US80 cents a pound, CBH’s share price had crashed from A30 cents to around A18 cents, and chairman Jim Wall was talking at the annual meeting about the company being “in a reduced production phase”, and a time when “costs will need to be reduced and a recovery plan formulated”. .. more ..

http://www.minesite.com/aus/minews/singlenews/article/cbh-resources-on-a-roll-with-more-in-store/1.html