ZFX zinifex limited

value is not everything, page-3

  1. 512 Posts.
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    Unfortunately Macquarie view inherent value (NPV) in ZFX at current prices, but their "sell" indicators suggest further underperformance over the short term...

    Merrill Lynch believes ZFX may trade as low as A$6 over the next 2-3mths…

    Everyone has BHP as a strong buy, but some brokers think the next 2-3 months are ‘wait and see’ time…with support at A$24 (close to consensus NPV)…

    The marker is extremely skittish at present. If you feel you need to be exposed to the resources sector, then the low risk (frankly higher projected return play), may well be to have exposure to the large diversified miners (BHP, RIO etc) who have most of their earnings for FY07 locked away in the firm of production sale contracts, rather than Terminal Market risk (spot)…
 
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