clowboy said:this is fast becoming the one that got away...........
clowboy said:this is fast becoming the one that got away...........
nizar said:Its never too late to get on...
I actually topped up last week at $4+, this one still has a long way 2 go...
But yeh, i know how u feel, it feels like only yesterday when i was deciding whether or not 2 buy TZN @ 74c !
(and yeh, i decided not to, wasnt confident enough in zinc prices holding up until production and that time was also when zinc spot price went from 1.08 to 89c, so didnt have the balls to jump in)
michael_selway said:Yeah same, its was actually quite scary back then i remember, didnt sell though which was brave, ZFX that is
Zinc Producers: ZFX, PEM, KZL, TZN, CBH (wish I could get the whole set of these earlier)
Soon to be: HER, AIM, JML, INL, UCL
Thing is, the "begining of the end" hasnt even come yet, and who knows how high Zinc Prices will go if this actually occurs (LME stocks down to 0), and how long it will last...
thx
MS
Grupo Mexico has declared force majeure on some refined zinc deliveries in May because of a strike at its San Martin mine in Zacatecas, central Mexico, a senior company executive said Monday.
Normally Grupo Mexico produces about 100,000 mt/year of refined zinc and 20,000 mt/year of concentrate, company vice president Juan Rebolledo said. But a serious electrical fault put its zinc refinery in San Luis Potosi, also in central Mexico, out of action in January and 50% of its normal production is unlikely to be restored until late May or early June, with full production restored in August, he added.
nizar said:rederob, tech and others holding KZL
i checked KZL on the asx b4 and got a pleasant suprise (not the price, LOL) when i saw the presentation
i was aware they were growing copper production but until now i didnt hear about growth in zinc production, but on page 3, 50ktonnes in FY2007 and 100ktonnes in FY2009 compared to 34ktonnes this year FY2006
(copper growth: 7ktonnes this year, 30ktonnes in FY2007 and 45ktonnes in FY2009)
Looks like they are having a rest in 2008, LOL
Nizarnizar said:rederob, tech and others holding KZL
i checked KZL on the asx b4 and got a pleasant suprise (not the price, LOL) when i saw the presentation
nizar said:I dont know if OXR will see appreciable production growth until Prominent Hill starts production 2nd half of 2008 and it will produce:
100ktonnes copper pa
130koz gold pa
currently gold from sepon is about 170koz pa, sepon copper 60ktonnes pa
golden grove zinc 140ktonnes pa (but 1st quarter was 40k so maybe higher?) and copper i cant remember
For full details, the BFS is supposed to be ready by mid-2006
didnt really answer ur question tho sorry
Strong growth in zinc production:
34,000t – FY06; 50,000t – FY07; 100,000t – FY09
Increasing copper production:
7,000t – FY06; 30,000t – FY07; 45,000t – FY09
nizarnizar said:Rederob - regarding the collar on copper prices, to be honest i didnt know what to make of this announcement and whether it was good or bad. But if my memory serves me correctly i remember us rallying 10% on that day on high volumes, 2/3 of the buying happened in the last hour after announcement was made. So the market mustve liked it
coyotte said:Anyone know what percentage of copper production is hedged ?
haven't they also got a hedge on lead ?
Cheers
Coyotte
michael_selway said:Oh ic, yeah 2008 might be a bit late for the OXR
KZL growth does look promising actually
KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 19.9 61.1 40.1
DPS -- 0.0 0.0 0.0
thx
MS
coyotte said:well on those figures @ PE 15
Max present Value $3.00 ?
michael_selway said:hi how did u get $3
thx
MS
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