Quote
"The fwd p/e of Intec including the Burnie 10k Tonne Western Grade Zinc is about 2!!!!!(two) I'm nervous like everybody else, but at 90c/lb or USD 2000/tonne for break evens"
I'm considering INL as a long term investment. With Zn at $2/lb its a no brainer. However, the long term zinc price worries me. If the Zn price holds up at even double the long term average, INL is not going to make a profit. The break even price for the miners is much lower. The process seems very reliant on a highish Zn price.
Any thoughts?
I'm generally bullish on resources, but it just doesn't seem like INL has a margin of safety that I like.
Cheers
is inl dependent on high zn prices
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $77.81M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 40.5¢ | $1.248K | 3.044K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 3323 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SDV (ASX) Chart |