Fiboput another wayIGV of $18 billion at 83c/lb = 10mt of in...

Fibo


put another way

IGV of $18 billion at 83c/lb = 10mt of in ground zinc

at 200ktpa, it would take 50 years to mine all of that zinc

capex would probably have to be replaced after 25 years

the deposit has an IGV of $18 billion

deduct 50% for OPEX = $9 billion

deduct $2b CAPEX = $7 billion

deduct another $3b CAPEX = $4 billion

that is return of $4b over 50 years on a $4b investment

double your $ over 50 years

if you put your $4b in the bank at 5%, it would take 15 years to earn $4B profit