it may have had a huge sell-off due to the recent hedge fund...

it may have had a huge sell-off due to the recent hedge fund debacle, but seriously, we're looking at a company thats trading at a very low forward P/E given the high GROWTH POTENTIAL and BUCKETLOADS OF CASH in the till!

I think a forward P/E of 6-7 is not too out of the question with expanding production from projects that will come on stream , the exploration potential from a higher budget, and the truckload of cash sitting in the bank that can be used to fund an acquisition to add to zinc/lead production or diversify into nickel (perhaps) ala KZL has with flying fox. Copper of course is also on the cards.

Look at the EPS - its waaaaaaaaay up there around the 100 cents per share.

Even if they dont make 100cps estimate, its still a remarkable acheivment to make 80-90 cents depending on metals prices!

Again - theyve got production up and running and making A LOT of money, and theyll use this extra money no doubt to expand organically or via acquisition.

the company is simply a CASH COW, and this stack of money gives them expansion options.

theyre in a very very good position to further expand EPS, even if metals prices are depressed for now!

its the best value company I can see in the basemetals game at the moment, and no doubt the management will put all the excess monies they have to good use.

lowish forward P/E

very well cashed up; thus

high growth prospects

good divvy prospects

inventory levels of zinc still very low if we look at things in perspective and compare the stockpiles to what they were in the past

this hedge fund debacle will pass, and stockpiles of the metal still very very low historically

Bottom line: compared to the 'other' zinc cos, this one is in the best position to expand and provide solid EPS growth.

good buying opportunity to make good % gains plus divvys for future!

IMO take advantage.

period.