But Galvo, the facts are these - a great copper/gold producer with even better, nearly completed world-class projects buys a zinc company, probably overpays for it, increases it's production mix to 65% zinc (was 60% copper and gold), tehn zinc falls to multi-year lows and now we are pinning our hopes on the fact that this commoditiy is so unwanted that some producers can't be bothered with it anymore. Two points - (1) this simply illustrates just how bad the "merger" decision really was and (2) when zinc rises, production will again increase, which gets us right back to where we are now.
OXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held