Zinc still in a trading range though and ZFX down a fair bit...

Zinc still in a trading range though and ZFX down a fair bit today on ASX while zinc was up around 7% last night, so shouldn't be too much carnage with ZFX. If Zinc breaks under around $1.40 then ZFX is in dire trouble. Even if zinc skyrockets to $1.80, the market has no confidence that those levels will hold, so I can see ZFX being able to get much past $11 in the next few weeks. Also, current metal prices are moving severly due to lack of liquidity/volume being traded. One gets the feeling that the big boys are moving the LME price of zinc, copper, etc to help them trade/exit companies like ZFX during the day, hence ZFX not reacting to overnight rises and falls in the Zinc price.