thought provoking, page-19

I agree with all the sentiments in the previous post. Yes, the merged company will be the no 2 zinc producer in the world, but diversification of metals is occuring and even after AGM purchase, there is still $1.3B in cash from smelter sales.
I have posted this previously, but will do again to support the comments on Zinc. This came from Issue 67 Comsec Research Insight:-
"The ILZSG released data revising down their estimate of chinese Zinc mine production in 2007 by 300kt .... The fall in chinese mine production is about the same as the surplus projected for the Zinc market for 2008 and 2009. If this surplus does not eventuate, then Zinc prices will be much higher".
So, we have
1. A merged company with multiple commodities to spread risk
2. A Zinc price that has significant upside
3. $1.3B in the bank, plus cash flow from operations
4. PH coming on line

Sounds good to me!! I certainly want to have siginificant exposure to this company.