Finally, it would seem the company will resume full production...

Finally, it would seem the company will resume full production in a couple of months.

News is contained in a report today, from their website from broker Hartleys.(who make a point with meeting with management). CBH choose to put the Hartley report on their web, with clear advice that production is in ramp up phase, and full production in October.

Despite the slow start to the financial year, Hartleys suggest nett 2006/7 profit of $105 million and next year $181 million profit. They have used a spot zinc price figure of US$1.45 per ounce. (its now US$1.52)

The normally conservative stockbroker has placed a value of $2.49 on CBH shares (currently they are 35 cents).....should commodity price stay at around these levels. They suggest zinc will go back to US$0.60 and accordingly have a 64 cent value, as a result of their somewhat bearish long term view on commodities.

Total profits this year and next of nett amost $300 million is way ahead of the total value of this company, according to Hartleys. The following year, forecast is for $246 million nett.