IBG 0.00% 0.4¢ ironbark zinc ltd

Ann: Company update, page-54

  1. 540 Posts.
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    Point 3 - Fuel

    Citronen Feasibility Study page 151 - Marine Grade Oil (MGO) US$753 per tonne

    http://ironbark.gl/investor-centre/asx-announcements/2013-2/

    Current Price - US$314 per tonne

    https://shipandbunker.com/prices/apac/sea/sg-sin-singapore

    Page 142 onwards Citronen Feasibility Study is Operating Costs -

    With fuel 59% cheaper at the moment it is going to be very interesting to see the operating cost figure.

    Looking at operating costs of 0.68c per pound for Citronen and fuel/oil as you read through making up at least one third of that 0.68c the story becomes more powerful.

    Cheers.
 
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