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Zinc the metal for 2006

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michael_selway said:
ZFX, PEM, CBH but wish i hadnt sold KZL in hindsight

So tempting to buy more still....

What zinc stocks are u holding Kennas?

thx

MS
Click to expand...

Does BHP mine zinc?

I sold CBH and JML a little while ago. :whip Bad kennas!
 
kennas said:
Does BHP mine zinc?

I sold CBH and JML a little while ago. :whip Bad kennas!
Click to expand...

yes BHP does mine zinc, but its not leveraged to zinc beacuse its zinc production isnt a high % compared to the other things it mines

i.e changes in zinc price doesnt affect BHP's bottom line much

thx

MS
 
kennas said:
Does BHP mine zinc?

I sold CBH and JML a little while ago. :whip Bad kennas!
Click to expand...

Kennas mate....i'm stunned....i thought you would hold CBH until they ran out of zinc!
 
im holding CBH and JML

in hindsight it was a good move to get into undervalued zinc stocks about 2-3 months ago, i thought that zinc stocks would run when LME zinc supplies ran out, looks like we might get a really nice run right through till mid 2007 early 2008. and it seems that zinc is making a run early on short supply expectations.

hasnt been much coverage on JML but its been valued at 80 cents before production, leading up to production valuations will increase dramatically.
 

MS
I beg to differ.
KZL justifies its relatively high pe ratio because of its pipeline of growth. Thats why people are willing to pay a higher multiple for it than ZFX, for example. CBH has been crippled with problems. Look at my KZL versus ZFX post on KZL thread to know why i prefer the later even though it trades ona lower

I bought KZL at $2.45 and sold at $3.70, after it had peaked at $4.70, coz i seriously thought it would go to zero, in the end went as low as $2.89. Really got hammered those days. I got back in about 3 weeks ago at $5.95. This time i will not sell it for a while.
 
dj_420 said:
and it seems that zinc is making a run early on short supply expectations.
Click to expand...

Not quite.
In MAy the LME stocks was at 250ktonnes and the price peaking at $us1.80/lb. Now its only about 5c higher at $us1.85/lb while the stocks are sitting at less than half at 115ktonnes.

The zinc price is lagging bad. Not long now before it catches up.
 
rederob said:
Are you sure?
?
Contained zinc versus zinc concentrate!
Click to expand...

correct rederob,

endeavour at 100% produces 60ktonnes/pa of zinc metal (contained zinc)
 
nizar said:
correct rederob,

endeavour at 100% produces 60ktonnes/pa of zinc metal (contained zinc)
Click to expand...
Cheers nizar
Just as oil has held back gold, so too has copper held back zinc.
However, at certain points in time, markets "disconnect".
That time for zinc has arrived, and LME inventories will now take the toll that previously were reflected by copper prices in the period to May this year.
Although zinc hopefuls and smaller producers will get a coat tail ride, the likes of ZFX and KZL will derive substantial profits, as will OXR from Golden Grove.
I therefore will pay little attention to daily price movements, and concentrate on the weekly numbers instead.
I suggest we look at retitling the thread to "2007", despite nickel having that tagline.
 
Hey does anyone know any interesting up and coming zinc stocks??
Some smaller players worth having a look at??
I currently hold PDZ, PEM and CBH

cheers.
 
itchy said:
Hey does anyone know any interesting up and coming zinc stocks??
Some smaller players worth having a look at??
I currently hold PDZ, PEM and CBH

cheers.
Click to expand...

check out TRO, AAR, MLS, MTB

i think TRO just released a resource estimate of approx 10Mt @ 10% Zn

i dont hold any of the above but all are on my watchlist
 
thanks sleeper,

they look interesting indeed, especially aar
might have to keep an eye on them!

cheers
 
Big dow drop overnight but I believe zinc went up 2% so ZFX and the like should still do well on monday
 
sleeper88 said:
check out TRO, AAR, MLS, MTB

i think TRO just released a resource estimate of approx 10Mt @ 10% Zn

i dont hold any of the above but all are on my watchlist
Click to expand...


agree! will be buying into MLS and TRO on Monday - these are my preferred spec zinc plays

fundamentals are too good to ignore
 
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