IBG 33.3% 0.2¢ ironbark zinc ltd

Ann: Trading Halt, page-61

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    See full research report attached:

    Risk and valuation
    Located in the Arctic, base metal mines have been developed and operated successfully, including with arctic shipping conditions. Citronen construction and development will be subject to capital and timing risk, and commissioning and ramp-up risk. Operations will carry the usual risks, with profit subject to commodity price and exchange rate risk. At US3c/lb contained zinc our unrisked valuation of Citronen is A$0.29ps. Our risked valuation equating to our target price is A$0.09ps.

    That's about a 3 bagger minimum!
    Last edited by 1lluminator: 31/01/21
 
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