this is a very good realistic FS, this time around IBG are not trying to sell something as they did many years ago and analysts poo pooed it. This time around there is no selling it to the market, its realistic and conservative as they have a funder, (exim) FS was a prerequisite to funding.
if anyone believed it had an IRR of over 30% well you have no knowledge of mine project investment.
Disappointing SP action but its a changing of the shares from impatient investors who have no idea to larger investors who know this will be built, for every seller there has been a buyer, a changing of the guard.
Funding will happen very quickly IMO, DYOR
Ann: 2021 BFS Confirms Citronen as World Class Zinc Project, page-31
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