First of all - I'd like to mention that I am long Zinc stocks, I own NCZ and HRR. However from what I understand researching Zinc stocks on the ASX over the past 2-3 years and talking to people within the zinc industry, it is highly unlikely that the Citronen project will ever be developed. The reasons relate to its remote location but also the fact that the deposit is perhaps too good that incumbents like Glencore believe it would actually crush zinc prices which would impact their other zinc operations.
Just my opinion as I've watch the stock price deteriorate over the past couple of years.
IBG Price at posting:
2.5¢ Sentiment: Sell Disclosure: Not Held
