re: zfx. good prices The way metal prices are going tonight, ZFX will reach $9.80 with no troubles at all on Monday. Very hard to take much notice of the ZFX chart and attempt to pick a bottom IMO - it is currently purely dependant on Zinc spot price. India took a hammering today. Some are saying that the underlying demand is still there for zinc, fair enough, but zinc prices have sky-rocketed due to speculators playing games not purely based on a shortage of this metal. Stock piles of zinc will decrease slower when zinc prices are very high, so for some to say that in 11months there will be no zinc left, is a little hard to swallow. I think fair price for zinc is probably around US$1.20 and I reckon it'll go down to around those levels. Zinc stockpiles were lower in 2001 and the zinc spot price was around 1/3 of current levels - trading/owning zinc stocks is a very dangerous game, however, I believe ZFX is the best of the bunch.
ZFX
zinifex limited
