Could you please explain to me how this project can be deemed unviable "in this current environment" when,
a The project has at least 1.5-2yrs permitting process to run before a decision to mine needs to be made
b No further major capex required until after permit is granted 1.5-2yrs.
c BFS would be calculated on $1/pound and production costs from previous studies showed circa 30-40c/ pound, leaving 1.5-2yrs for zinc prices to recover
d Projected zinc deficit as early as 2013 until at least 2017, with most analyst predicting higher prices
e Capex should of remained comparable to previous studies as north America is not experiencing the same labour issues concerning OZ boom
f 3.7m in the bank
and the list goes on, so this is why I said the un viable card holds no credit in my eyes
re; citronen funding, although not binding IBG has a MOU with China non ferrous metals to build and procure 75% of the funding from Chinese banks, they are also strongly supported by not only Glencore but also Nyrstar. but yes i guess that can amount to nothing when times are tough as Citronen is scheduled to start building early 2013.
Admiral bay, to deep, lower grade and host coy KZL in VA
Selwyn, Huge capex and production costs a little high
Cardiac creek, not familiar
Dugald, I would expect to proceed, however citronen life of mine opex is less then Dugald
OVR Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
