IBG 33.3% 0.4¢ ironbark zinc ltd

Funding?, page-18

  1. 1,244 Posts.
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    It's possible it has something to do with that kissie, however my understanding is that the main issue between IBG and NFC at this point is the differences between the western and Chinese mine plan standards. Believe it or not the Chinese standards are less flexible in relation to many aspects of the mine plan and this significantly effects construction and operating costs going forward. The Chinese banks are unlikely to lend if the mine design dosen't meet Chinese standards even if the mine plan meets western standards. Due to this it may be more cost effective to use an alternative source of funding and go the metso plant design, in my opinion.

    I don't think the NFC route is completely ruled out however if NFC and their funding aren't going to be flexible with the preferred mine plan, and if western financing construction and funding stacks up favorably, then its likely it will fall that way.

    Yeatesy.
 
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