ibg in the news, page-9

Hi gself

Yes I do agree with you on your final point that the citronen project is not a sure thing as we still have several hurdles namely funding, however I have to disagree with your assumption of input costs rising in conjunction with the rising cost of zinc which is due to a structural deficit. Simply put, the cost pressures only affect the price of zinc because of the severe supply constraints rather than a systemic inflationary pressure affecting the wider economy, so it's for this reason that inflationary pressures on production costs should be limited whilst the zinc price breaks out.

The cash costs may be higher now but to be fair IBG isn't in production yet but hopefully will be when the cash costs are lower than the lows.