Companies: ZOX   

Andrew Woollett, managing director of newly-popular ZincOx Resources, says the company’s shift of emphasis from a traditional zinc prospector and miner to a recycling specialist is paying off in spades. The company, which has developed a treatment for extracting zinc from mines and other waste, has formed an alliance with Envirosafe Services of Ohio, one of the largest hazardous waste disposal groups in the USA, to tackle the ‘Mid-West Recycling Project’, to develop a plant to extract zinc from electric arc furnace dust.
Studies suggest this could have a net present value of £22 million and yield an annual rate of return of 25 per cent. Woollett argues this and other recycling projects under discussion around the world could generate annual revenues of up to £30 million, with profit margins of 50 per cent.
ZincOx continues to pursue conventional zinc oxide mining projects, notably at Jabali in the Yemen, where a recent feasibility study sees a net present value of £31.2 million. At 129.5p, ZincOx shares have bounced threefold from their lows, though they have only recently broken through the 120p at which they were floated in late 2001.
They should have still more mileage.

ZincOx	AIM	£24.44m	31.50p	1.00p
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Other company articles:
ZincOx boosts profits			28/04/2008
ZincOx wins recycling permit			29/02/2008
ZincOx raises £20 million			21/01/2008
ZincOx clinches £61 million finance deal			14/01/2008
Fund Manager Focus by Pauline McCallion			09/08/2007