increasing zinc deficit, page-109

Actually I did not mistime as I went in with eyes wide open. The market was expecting the BFS for a few years! Yes that is right, this report kept getting delayed right through the pre to post GFC so what did you expect the price to go? Meanwhile in 2011 I reckon as it was a long time ago and I finally caught up with you know who at a conference and the response about the BFS gave it away. The project was marginal at the then Zinc price.

That was when I decided I have had enough of the BS and time wasting dangling carrots which was confirmed when the BFS finally came out. Like I said the fun will begin when trying to fund the project as they big holders are all working for their own agenda and it won't surprise me that IBG will end up as a minority holder of the project with such a small market cap unable to fund in their own right. But then again Zinc could have a massive rally because of LME shortages against all the steel component with China in excellent shape?

I made a loss but glad I sold out way higher than this few years high. Money put to better use but I do have a soft spot for IBG hence I do follow its progress.

None of the ducks are even lines up yet so plenty of time. No need to be greedy and aim for multi baggers at the expense of a trap bull for however long.