I do enjoy your posts FRB, but no-one can deny there has been an under investment in Zinc for many years now. As far as how much is above ground is the million dollar question. The market has been guessing this for years, if you think you know please post your evidence.
The general consensus is, Zinc is on the move and money does need to be spent to find the next 20-30 years supply. It takes years to get projects to production and IBG has 10 years behind it. The ML announcement is due any day now and the resource size is World Class, Top 6 in the world undeveloped. Its just to Big to ignore.
Your market cap of between $100-200 Mill range for IBG after ML approval I feel is about right. Post funding and Zinc at $1.20+ lb is a conversation for another time.
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