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0.3¢ ironbark zinc ltd

Ann: 2021 BFS Confirms Citronen as World Class Zinc Project, page-26

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Otgkb

111 Posts.

117

19/07/21

14:59

Post #: 54605386
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Originally posted by garndo: ↑

Some points to note:

- project is marginal (15% post tax IRR at US$1.30/lb Zn and capex >> NPV). The sensitivity analysis (Table 3) indicates that NPV is materially negative at US$1.20/lb Zn
- location is challenging (to say the least), as this would be the most northernly mine developed/currently in operation. TMAC Resources Doris gold mine (Hope Bay, Nunavut) cost nearly US$1 billion to build in 2017 (and not as a remote location as IBG. plus with a gold mine you can fly the product out - you don't have the same concentrate logistic challenges)
- offtake is already committed (Glencore/Trafigura). I would suspect they are more than happy to see this project stay off market - as this will benefit their existing portfolio of zinc mines/smelters

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I believe you are reading table 3 incorrectly, it's a -$158m impact to NPV at $1.20/lb, actual NPV is not negative and by doing the math, should still be $205m USD. Our current market cap is a pittance in comparison, at $20m USD. Bring on EXIM Bank finance approval.

IBG Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $4.231M

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0.004	33581789	20
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