zinc reality check, page-5

Gann I don't know how you are doing your figures but there is no way it can head to $13..

Even if zinc price trends towards the 15 months future contract price ($1.49 or so) Q3 and Q4 profit will be higher than Q1 which had an average price/zinc of $1.52, and we are heading towards >$20 s.p - and this is assuming the company does bugger all other than dig stuff up and sell it- neglecting exploration, acquisitions, possible rerating after the smelter spinoff etc.

If ZFX builds a strong enough story to rerate the PE to say 7 you are looking at towards a $30/share company and that's even with much lower commodity prices ($1.50/lb)