Just a little reminder from the 2017 PFS
With the Zinc price currently at around $1.25/lb the NPV of Citronen is approx: US$840m (A$1.13B)
920mill shares on issue, so a cool $1.23 per share.
This study also assumes treatment charges of 14 cents/lb, (currently running at 4.5 cents/lb and average around 7 cents longer term)
https://www.reuters.com/article/us-metals-zinc-ahome-column/zinc-soars-on-supply-squeeze-even-as-stealth-stocks-build-andy-home-idUSKBN2801RS
My view for many years has been that they will likely need to sell about half the project to a larger partner to get this fully financed/funded
I could certainly live with seeing 60 cents per share.
Ann: Ironbark Mandates Bacchus Capital Advisers, page-9
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