"Many (Chinese) smelters are in agreement that markets have...

"Many (Chinese) smelters are in agreement that markets have overreacted to China's lead and zinc surplus, according to the industry insider".

http://www.resourceinvestor.com/pebble.asp?relid=44437

From my experience overreactions are more overdone on the downside. Could only image what Zinifex would be worth in present market <$5 I'd suggest. IMO will turnaround as fundamentals come through in medium term and clouds disperse.