well they would be making a loss at today's metals prices if...

well they would be making a loss at today's metals prices if they were in production. according to the feasibility study, cash costs will be 90c lb when you inc smelter fees. Imagine you spend all that cash and there is another big downturn, you could kiss it all goodbye.

Highlights of the Citronen Feasibility Study are:
? NPV US$609 Million (US$354M post tax)
? IRR 32.0% (22.2% post tax)
? Equity Return 37.9% (Geared NPV after tax)
? Capital Cost US$429.3 Millionin contingency (US$484.8M with First Fills)
? Operating Cost US$0.68/lb Zn (Payable, Net of by-product credits, Years 1-5,
Smelter fees additional US$0.22/lb Zn)
? Mine Life 14 years
? Life of Mine Revenue US$5.65 Billion
? Life of Mine Operating Costs US$3.42 Billion