ZFX zinifex limited

Has anyone seen a breakdown of the profit that the zfx smelters...

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    Has anyone seen a breakdown of the profit that the zfx smelters generate, versus the profit from mining? That would be relevant. Keeping my patriots hat on, I also see strategic issues in the future with putting the capactiy for processing our metals in overseas hands, in the sense that it is then that much easier to just close up the Australian smelters altogether and relocate them to regions of cheaper labor and relaxed environmental laws. Not that any of this is planned, but why risk it? In terms of the capital we shareholders might get back, it's a one-off, but those smelters will earn cash for decades to come. What if zfx can't find the replacement ore it needs? The smelters were always there to process ore from anyone, and take the cash benefit. This represents an insurance in a difficult business. Sorry to rabbit on.
 
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Currently unlisted public company.

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