The problem with Zinc miners is not how large the size of the resource but the cost of producing the metal. Judging by the price of Zinc, there aren't many producers with any form of profit margin. IBG imo has a major resource in greenland but until Zinc prices improves, the SP will remain stagnant. Looks like it may take years to turn around the Zinc prices given that US, EU and now Japan is in recession. A lot of patience is required!
announcement out, page-2
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.077M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $9.084K | 3.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1222416 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 36055661 | 23 |
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| Last trade - 15.37pm 29/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |