Ann: Exploitation Licence update-IBG.AX, page-4

Once again for the new punters

NPV is arouond $800 Mill Aussie. Even at 10c a share IBG are only $50 Mill Market Cap.

That is still a discounted rate of 16 to 1 (@ 10c a share)

We have a tonne of scope as the Citronen Project’s Feasibility Report will be updated to reflect current oil price and improvements in efficiency

Highlights of the Feasibility Report included:

• NPV: US$609 Million (US$354M post tax)
• IRR: 32.0% (22.2% post tax)
• Equity Return: 37.9% (Geared NPV after tax)
• Capital Cost: US$429.3 Million inc contingency (US$484.8M with First Fills)
• Operating Cost: US$0.59/lb Zn (Payable, Net of by-product credits, Years 1-5, Smelter fees additional US$0.12/lb Zn)
• Mine Life: 14 years
• Life of Mine Operating Costs: US$3.42 Billion
• Life of Mine Revenue: US$5.65 Billion

http://ironbark.gl/projects/greenland/citronen/