TZN 0.00% 3.5¢ terramin australia limited.

the best pure zinc play on the market

  1. 5,233 Posts.
    can anyone name a better pure zinc play on the market right now?
    zfx will become a diversified miner with AGM and OXR involvement.

    Commsec says $5.52 based on long term zinc prices of 80c/lb and aud/usd of 80c which = $1/lb for aud/usd of $1

    When zinc returns to favour which could be happening now then expect TZN to fly. remember JP morgan & co bought in above $3.30 and will not give up the upside on the stock easily.

    With a merged zfx/oxr then TZN definitely comes into play for a TO.
    I never felt zfx would make a play as they needed to diversify. OXR was always a possibility but not while prominent hill was soaking up the cash and while zinc had an anticipated 2 year siesta.
    The new entity will have cash and size to cope with Tala Hamza. TH is becoming more derisked all the time.
    When it comes time to contribute capital then the Algerian govt will be looking to dilute. I imagine thats when a serious partner will look to get their foot in the door.

    cheers andrewe
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