yeah big concern $2.2 billion cash and a forward PE of 6.29% at...

yeah big concern
$2.2 billion cash and a forward PE of 6.29% at the absolute bottom of the cycle.

Using AGM shareholder valuations cashline we should see ZFX valued at $40 plus....
1. no debt
2. zinc price to increase 50% over 2008-9 in anticipation of zinc shortfall in 2010.
3. aquisitions of other miners to add to income and reserves.
4. use PE of 20 as per AGM bluesky mining manual.
5. diversification away from one metal.
6. magnificent drill holes all over the world....canada..aus...china...sweden...mexico...tunisia etc. Apply AGM bluesky extraoplations from single drill holes.
7. expansion at Silver King, Menninie Dam, Izok and Itok lake, dugald river, rosebery. Apply AGM bluesky EV method.

there you have it... a $40 stock easily and that is a steal for anyone offering.


cheers