Impact
• Our valuation falls 10c to $3.75 a share. This reflects near term weakness in the
zinc price and the inclusion of ZFX in our OXR valuation. The near term zinc,
and to a lesser extent lead, weakness is mostly offset by higher copper prices.
• Our NPAT forecasts now include ZFX. Near term EPS has fallen with the
inclusion of zinc earnings. OXR is expected to contribute more than half of group
profit for at least the next two years.
OXR
oxiana limited
