This is my take - one needs to look at IBGs deposit , it's total costs and estimate value based on various Zinc price assumptions .
I spoke to MD earlier this week and he said they need a zinc price of low 90s to pay down debt - but this price is where investors make nothing - the break even point . So for IBG the greater the medium and long term zinc price and the greater the margins over total cost the better . Personally it is not a bad thing to add a 10% margin above cost guidance as a lot of projects often don't achieve costs outlined in feasibility studies - even Hartleys assume higher costs . So for me I would like to see zinc crack 1.15 which would suggest , 1 it's heading higher and 2 the margin is such where there are dollars left for shareholders - let's not forget the NPV disclosed in presos is based on a 137 Lom Price. When I bought in Zinc was pushing 1.10 , it now is pushing 1.03 so in a sense the Zinc price for me is important as the price should be heading towards 1.15-120 by the time they start mining to have a decent safety margin. I don't mind buying a stock in anticipation of a commodity rally and I am doing that in Uranium at present but when a stock still has the risky phase of mine construction and costs yet to be proven , I tend to like to see a margin well above break even estimates .
I believe Zinc will appreciate and at present we need the price to turn upwards and inventories to recommence fall
- Forums
- ASX - By Stock
- hidden stocks
This is my take - one needs to look at IBGs deposit , it's total...
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $5.579M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $14.91K | 4.486M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 19497925 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 7237163 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 19497925 | 0.003 |
18 | 13655034 | 0.002 |
5 | 5800000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 7637163 | 11 |
0.005 | 5079982 | 10 |
0.006 | 5110777 | 3 |
0.007 | 1101257 | 5 |
0.008 | 606448 | 3 |
Last trade - 14.05pm 27/06/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |