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IBG

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0.4¢ ironbark zinc ltd

2018 Outlook, page-10

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30/01/18

14:22

Post #: 30664618
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Originally posted by bigdream ↑

I don’t think Glencore is the type to waste their time in worthless projects. Glencore and Nyrstar are holding key executives of theirs onto this company. At least it shows that they have greenfield potential worthy of their presence. If they were here as a sabotage, does anyone seriously think their game won’t be figured out by now? And JD would have sit aside and watch his own investment falter? Note he has been paid in shares for the last few years! If IBG fails, he fails! And big times.

As for nfc, well they are invested enough to identify geraniums in the process of updated feasibility studies. That surely must have meant something.

Why didn’t they identified this before? Maybe IBG operates such a shoe string budget or zinc is the main game at the time, that we didn’t go further who knows.

For sure they are plenty of tyre kickers around. But it takes time and effort to sort out what’s genuine. I really hope the boosted coffers will help with this by boosting the data room capabilities.

The delays are annoying but as stated many times, big finance requires time. I really hope the recent raise will be the last push from investors before great things happens. It certainly looks that way for now.

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I've spoken with miners in Greenland and Australia. The resource is there.

Big money doesn't require time, it requires certainty and hence control.

I think that is the problem here...Mr Downes isn't willing to concede control. Perhaps A) it is.

IBG Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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