Agree with most of what you say.Zfx price is low because market...

Agree with most of what you say.
Zfx price is low because market does not beleive these half year results can be repeated.hence the very low pe.
However it may not be too far away and could even surpise us all and do it.
Firstly expect a 10% increase in zinc production with the planned shutdowns out of the way.
Secondly zinc price Jan cash averaged 3750 on lme not much different to the average price of the last reported half and we could average the same for this half
Lead production will be lower but just look at the price.
Lead revenue could (should) be higher.
Gremlins of "no long term certainty"will be put to bed.Talk is now of 2020 which should be far away enough for anyone.
In summary I think the worst we can expect is full year profits to be 2.80 per share with the price of zn dropping again but just as likely they will be over 3.00 with a small drop or slight increase and a 10%
the fac that lead has doubled since late june and is now nearly what zinc was a year ago is just the icing on the cake