SHZ has 463 Employees as opposed 270 for CHNR (AMEX:SHZ) "SRK Appraisal Report on Two Large-scale Mining Reserves" Company Confirms 8.140 Million Metric Tons of Fluorite Reserves with 24-year potential mine life, 1.02 Million Metric Tons of Copper Metal and 97.36 Metric Tons of Gold Metal " 97.36 t of gold = 3,434,272 ounces 1.02 Mt of copper = 2,248,715,074 lb 4,883t of Molybdenum = 10,765,172 lb 3,434,272 oz X $900/oz = $3,090,844,800 2,248,715,074 lb X $3.70/lb = $8,320,245,773 10,765,172 lb X $20/lb = $215,303,440 $3,090,844,800 + $8,320,245,773 + $215,303,440 = $11,626,394,013 USD What market cap should we give SHZ?? Give their claimed resources an in-ground value of 10-20%......and you get $1-2 billion of market cap......thats $33-$66 / share. If you look at many mining companies listed on the TSX and AMEX you will see no revenues but huge market caps. Why? because mining companies trade on reserve value not on revenues or earnings. You will see mining companies with HUGE REVS and NET INCOME but low PE ratios...why? because they are trading to reserve values not to earnings power. Happy investing!!!
compare the market cap, p/e, it is not shz bigger than chnr.Chnr has coal, zinc and iron. Recently it acquired the copper mine.Chnr to 30+. watch it.
SHZ has copper, lead, zinc, the largest flourite reserve in probably all of asia, and GOLDLook into it more, you'll see what I meanhttp://www.chinaszmg.com/
Forgot to add, SHZ is also not an ADR....