Oxiana's share price at this moment seem to be in the losing side of the Zinifex-Oxiana deal. OXR price is tied up to ZFX's, and at this moment Zinifex's price is far from its peak.
In a long term, however, this new company will have a lot to offer, especially to their shareholders. On Bloomberg today, Macquire analysts said that zinc price may jump more than 50% in five years as as growth in mine supply slows and leads to a global shortage of the metal used to galvanize steel. This is not to mention their Gold, and Copper.
For full article:
http://www.bloomberg.com/apps/news?pid=20602013&sid=aCPNe.ePEIws&refer=commodity_futures
No comments:
Post a Comment