zinifex considered a scrip offer...., page-8

("To expand on synergies MM ,imo, believes that ZFX can expand mining ,drilling & developements faster( ie cash) than AGM management will ever be able to do in the forseeable future. ( In the context of the current environment which may last up to two years(credit markets)).)"

I agree with you Daveo1.

But, you also have to take in consideration the current market sentiments on the price of zinc and lead, while the nickel price is still reasonably stable and the product is in demand.

ZFX, has to look at alternatives if it wants to survive. Alternatively, it will become a takeover target itself.

Buddy