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0.5¢ ironbark zinc ltd

Ann: Citronen Project Update - Strategy for 2024, page-18

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yatchy

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17/04/24

17:07

Post #: 73392178
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Originally posted by Black Cans: ↑

ok, here's a few to consider:

Water - Where will the water come from in winter? Low rainfall in the summer months.
Services for UG - you have to go through permafrost, so heated piping is needed for backfill, water, compressed air. Didn't see any detail in the DFS on that!
Crushing and Grinding - $100m (Direct) for a three stage crush and grind circuit of a 3.3Mtpa project. Not sure if that's real, think you might have to at least double the costs for that especially getting it Greenland. With a plant as big as proposed, not sure they have costed a shed big enough, including a backfill plant.

This project has seen 2 x DFS/BFS during high commodity price surges and can't get off the ground.

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That is right as you say your not sure about any of it so you got to be stupid if you think management has not included everything required to build and operate the mine and processing plant in the DFS!!!!!! Maybe do a little research into the DFS before you come out with I AM NOT SURE !!!!!!!

IBG Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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