amazing watching folks get sucked into this
on 29 April 2013, IBG released a very complex to read Feasibility Study
it appears the outcomes were based on zinc price of $1.31/lb (although currently the zinc price is $0.85/lb)
page 14 states: "WM expects to see zinc average US$1.31/lb (US$2,897/t) for the five years from 2013 to 2017 in real terms and average US$1.37/lb (US$3020) for the life of mine in real terms."
about opex, page 1 states: "Operating Cost US$0.68/lb Zn (Payable, Net of by-product credits, Years 1-5, Smelter fees additional US$0.22/lb Zn)"
the smelter costs here are 17% of the zinc price
so, at current prices, the opex is 68 + 14 = 82 cent/lb
the project, currently, is basically uneconomic
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