re: z
zinc and jeb, cant remember what they said in the article in the fin reveiw about funding.
If the assets are there then i feel they prob do am mixture of debt and equity .
i.e more placements to korea zinc etc. and they will have v good cashflow from their existing plants to service the debt on the mangana.
I have two bets and they are only bets, I have been told nothing.
1) someone takes them over . as major resoucres in need of capital to get them out of the ground . even if they paid 1.50 or 2.00 per share .we will see once they get down the exploration track.Remember potentail bidders a re valuing companies by whats in the ground .
2) they do exactly the same with mangana they same way they did mt garnet .
anyway lets see .
i have a rice tgt of 1.50 then will revisit it
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