Excerpt from Huntley's last recommendation on ZFX
Our valuation increases marginally to $9.75 a share. Reduced cash following the payment of a 70c dividend and mildly disappointing 1Q07 production is offset by higher short term zinc prices and the inclusion of a nominal $200m for Dugald River. Long term assumptions of US$0.70/lb zinc, US$0.41/lb lead, an A$/US$ exchange rate of 0.76 and a 10% discount rate remain.
ZFX is highly leveraged to zinc and lead. At spot prices of US$1.85/lb zinc and US$0.72/lb lead, our valuation rises to an incredible $30.00 a share.
Zinc is now at US$2.02/lb, what should ZFX is valued at now?
- Forums
- ASX - By Stock
- ZFX
- huntleys recommendation
ZFX
zinifex limited
huntleys recommendation
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online