ZFX zinifex limited

analyst opinions

  1. 549 Posts.
    not all analysts are pessimists for zinc and zinifex

    here's the shaw synopsis ;-

    ZINIFEX (ZFX) @ $10.50 ST: Buy
    * HY profit increased by 73% to $1310m.
    * Underlying profit from mining business of A$228m.
    * HY dividend of A$0.35 declared, 100% franked (HY07: A$0.70).
    * Increases bid for AGM to A$1.10ps.
    * Dugald River feasibility/decision on track for end of 2008.
    * Cost pressures appear to be easing.
    * Comments that zinc market outlook appears overly pessimistic.
    * FY08 underlying profit of A$350m forecast.
    * NPV of >A$14.00ps based on US$1.00/lb zinc and A$0.80 long term.
    * Maintain BUY recommendation with A$14.00ps price target.
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