Another factor apparently was a news story (yet another) on Fri that China may cut down on their commodities demand. BHP & RIO also suffered. This story hasn't survived even until today and local and o/seas news is still promoting a healthy year for metals, esp Zn and Sn.....see today's W/E Australian p.26.
With respect to ZFX also watch out for lead: this metal topped USD1000/t yesterday and it is many, many years since this happened. Check out the www.kitcometals.com charts to see the dramatic price rise and falling stocks. Again, China will be screaming for this metal for Pb/acid batteries. ZFX is one of the major Pb producers of the world: >240kt/a of metal as well as additional mine products.
Check out my thread comments on an options play on this stock. A Feb $2.50 call option will today cost $0.07 and will be worth 3X that when they expire at end Feb. This stock is a sleeper for the first qrt of 2005!
ZFX
zinifex limited
