I tend to agree with the l/term prospects of Zn and ZFX, but think for the next 12 months the sp will be volatile and a mid range traders dream, but hopefully still end up around $24 (premised on my f'cast result of approx $1.6b) by years-end.
IMHO demand/supply dynamics in the 12month-18mnth+ timeframe will start to exert the same kind of pressures on Zn that Ni is experiencing.
Whilst there is a reasonable inventory base til then, the l/term situation starts to change after that and ZFX could easily be a $35 stock or someones wholly owned subsidiary!
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- very bullish on zinc for next 10 yrs
ZFX
zinifex limited
I tend to agree with the l/term prospects of Zn and ZFX, but...
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