IBG - Example mine cycle versus share price. Time to buy?, page-5

That’s a difficult one to answer because it is very dependant on the outcome of the EXIM application, price of zinc and other macro factors.
just have a look at the Comsec historical SP charts for Ironbark Zinc, and you will see the explosions in price back in 2006, 2014/15, 2016 and recently 2018. There have been many cap raises since 2011, but I’ve seen this share decline from my entry at 24c back in 2011, to 3c, then to blow to 17.5c, and back to an an intra day low of 0.006c!! Now it’s almost at 5c. Positive Sentiment could move this over 10c relatively easily as there is low volume of sellers, however something as critical and decisive as an EXIM loan could spark the interest of much bigger companies/funds that COULD provide similar bull runs as in the past. If EXIM was granted, in my opinion, there is no reason why the SP should not reach $0.15-$0.30
On paper, the value of the metal in the ground, the cost of proving the resource, the licensing, permitting is well into the hundreds of millions of dollars.
This is my opinion, and why I will continue to hold and accumulate for so long.