with many, many global companies, curtailing or completely shutting down mines, that equates to a huge supply disruption in the future. Those companies still mining will benefit from a huge upside in prices.
Remembering companies are trimming any excesses from their books, and bringing the costs of production down as far as they can.
Once metals make a rebound (as China, and India are still there and need our metals) the profit percentage will be greater.
This will directly translate into massive increases in shares like OZL.
As mentioned in other posts on OZL if Zinc claws back to $1 the profit alone is enourmous.
Plus the profit of PH coming on stream.
We need to ride the bumps if we can, but the future is still bright imho
OZL Price at posting:
$11.60 Sentiment: Buy Disclosure: Held