Still way undervalued relative to zinc price, page-16

Have to agree too. Conservative. The key and primary indicator is the Zn spot price which cannot be extrapolated into the future.

Also I note the $50 million Glencore facility, it just keeps on coming up.

Nyrstar has non dilutive clause. ie if capital raising occurs, Nyrstar will participate to maintain equal equity %.

Glencore currently has 35% off-take agreement for Citroen!! If first trance is executed @ 42c IBG price for $30 million moves them to 55% offtake.

Quite positive and seems the Nyrstar, Glencore and NFC are all circling the Citroen Zinc. Before the time mining and exploitation has been (if) approved. All the Zinc at Citroen has been accounted for.