hidden stocks, page-61

This is my take - one needs to look at IBGs deposit , it's total costs and estimate value based on various Zinc price assumptions .
I spoke to MD earlier this week and he said they need a zinc price of low 90s to pay down debt - but this price is where investors make nothing - the break even point . So for IBG the greater the medium and long term zinc price and the greater the margins over total cost the better . Personally it is not a bad thing to add a 10% margin above cost guidance as a lot of projects often don't achieve costs outlined in feasibility studies - even Hartleys assume higher costs . So for me I would like to see zinc crack 1.15 which would suggest , 1 it's heading higher and 2 the margin is such where there are dollars left for shareholders - let's not forget the NPV disclosed in presos is based on a 137 Lom Price. When I bought in Zinc was pushing 1.10 , it now is pushing 1.03 so in a sense the Zinc price for me is important as the price should be heading towards 1.15-120 by the time they start mining to have a decent safety margin. I don't mind buying a stock in anticipation of a commodity rally and I am doing that in Uranium at present but when a stock still has the risky phase of mine construction and costs yet to be proven , I tend to like to see a margin well above break even estimates .
I believe Zinc will appreciate and at present we need the price to turn upwards and inventories to recommence fall