With over a third of market capitalisation in cash and forecast eps of around 170c zfx could pretty easily afford a 130c dividend for the next year imo. Though would prefer to see the cash being used to diversify their mining base.
When the cash put to use we should see some upgrades in future earnings forecasts (unless taken over first).
ZFX
zinifex limited
u238z1 has loaded up the truck heading north, page-7
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