ZINC 0.09% $2,913.9 zinc futures

ASX Zinc players list, page-228

  1. 3,631 Posts.
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    Was fortunate to be advised CDVOA late last year and delighted with the way the geos on the thread keep on predicting more resource... and it comes about. Fact that the MD is calling it a super pit helps as well.

    Still don't understand your aversion to Ironbark IBG. Your lesser zinc stocks have done poorly in the past 6 months as they were relatively overvalued in the first place. They all have market capital of $20 to $26m for fairly small resources. IBG has a huge, profitable resource with hefty partners on board with mining approval around the corner. NPV will be close to $A1 billion and market capital has only just reached $40m. Not that long ago, while you've been watching, the market capital of IBG was the same as the lesser stocks: MCT red, RXL black and EMX green...

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    I don't believe the IBG impending mining approval is priced in yet. Too many people are spooked by the thought of Greenland lol. However with zinc motoring - China reduced their refined zinc stocks by more than 10% last week see http://www.metal.com/site/search?cond=zinc inventories&yt1=, mining approval imminent and such an NPV, IBG could be one of the safer risk/reward buys of the market. It's a zinc Cardinal imo
 
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