the Oz Zinc stock you may want to look into is Zinifex -ZFX.AX- here's all you'll need to know...
asx.com.au
it was the subject of an info/promo email from Daily Wealth....in part...
"How to collect your 18% cash dividend
As I learned on August 24, this company I’d never heard of is one of the world’s largest zinc and lead producers.
In 2003 and 2004, when the price of zinc was around $0.35, zinc mines were losing money. Mines and smelters closed around the world.
This company was born in 2004 out of one of these busted mining companies.
Now, the price of zinc is around $1.60, and this tiny company is making a fortune.
Zinc’s main use is rust-proofing steel. And lead is used in car batteries. So both of these metals should remain in high demand, particularly in China. This company, of course, sells into China.
Right now, this stock is extremely cheap at around $12 per share...
Now, generally, cheap stocks are cheap for a reason: They’re often either hopelessly unprofitable, or have a mountain of debt.
But this company is raking in so much cash, if it continues at this rate, it could buy itself — that is, it could pay for its entire stock market value — in less than 3 years.
On top of all that, Morgan Stanley estimates that in the next 12 months the company will pay a $2.20 per share dividend.
With a share price of around $12 now, that’s an 18% return... minimum." |
