That is a relative sentiment. If you look at all the nickel producers at the eye of the GFC period, you would think this sector will be bankrupt in no time. The fact that Zinc prices are low because according to some media comments that there is a glut of supply with the balance changing in 2012 when some big mines will be closing (Century being one I think), a small margin producer today would be highly sought after company stock in the anticipated future.
Have a look at the "Ironbark presentation 2010" at the company website to get a feel that a lot of test work had been done and this DFS had a high probability of approval. Lets wait for the details.
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- lets look at worst case scenario
lets look at worst case scenario, page-2
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