One year agoThings have improved considerably compared to this time last year.
I believe in a year from now we will have the following:
A higher share price due to
1. A cratering dollar.
2. Infrastructure spending across many countries.
3. A resurgence in demand without a corresponding increase in supply--declining China supply due to environmental issues and declining grade wtih roughly 50% of supply from there.
4. The commodities becoming more a value play vs. vastly overvalued stockmarket. Very low P/E and other multiples compared to the outrageous values in other sectors.
5. Zinc being recognized as a key component in cheap grid technology.
and most importantly
CASH FLOW--Share prices lags and then accelerates and then goes overboard oftentimes.
5 Times Cashflow will give way to 10 times Cashflow as traditional measure as very undervalued to much higher multiple "soft" asset companies.
Patience will be the key--reversion to the mean and then above the mean.
Easy $1-2 share price next year if no buyout. This is in US currency. It may be the same as Canadian currency once again in the near future.
Time will tell.
$1.6 to 2 dollar zinc by year end. Maybe higher.
Laugh all you want. Time will tell the story.