my concern is $1b wasted on a bid for AGM which is 'bolt on'.. would have rather they bid bigger - EQN, OXR or larger canadian copper miner.. if they were going to go bolt on would have preferred a series of $300-400M takeovers.. anyway.. zfx correlated 60% with zinc price so unless something major happens it will just float around for the time being. bad economic news in the us will cause drop in metals prices.. on the positive side the chinese should start buying soon.. the extent to which they buy zinc is unknown..
anyway too soon to tell
i am calling a good buy at $9.50
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