TZN 0.00% 3.1¢ terramin australia limited.

Stocked up at 2.04.Mistake could have wited a week and got at at...

  1. 225 Posts.
    Stocked up at 2.04.Mistake could have wited a week and got at at 1.75 today.
    However comortable to hold for medium term because in terms of resources it is cheaper than any zinc share I know.
    Ausstock figures(onTZN website )show following figures of market cap in $per ton of zinc equivalent.
    kzl 917
    pem 326
    zfx 612
    tzn 522 (angas only)
    tzn 77 (with aleria included)
    Yes alowances must be made for the fact other companies are making good profits here and now and have assets and cash but even if you reduced zinifex market cap by say 3billion to allow for this zn still comes out way in front.
    In 2008 tzn will be producing full scale cheaper than any of them and would still be profitable @$1 per lb .
    The same cannot be said for the others.
    If you work out eps at zinc price of $1.3 and then do pe
    ratio tzn comes in favourably based on Angas alone
    May have to be patient but looks to be sure win
 
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