$ZIJIN MINING(02899.HK)1. Whether it makes or loses money basically depends on international gold and copper prices, but with global high interest rates and a shaky economy, these metal prices can't hold up.

2. The company keeps buying and opening mines overseas, which sounds impressive, but policies there can change abruptly, often leading to incidents and cost overruns, making profitability highly uncertain.

3. This industry is particularly capital-intensive with heavy debt. If metal prices really drop, it would immediately feel the pinch with massive debt repayment pressure.