IBG 14.3% 0.3¢ ironbark zinc ltd

uneconomic feasibility study

  1. 37,911 Posts.
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    dear friends

    for those that are blind & in denial, I will copy & paste the relevant information from the IBG feasibility at this link:



    and also copy & paste the zinc price from http://www.kitcometals.com/ to show the IBG project is currently uneconomic





    so if zinc is currently $0.8433/lb and the IBG opex is 68+22 cents/lb, why does the feasibility study have NPV US$609 Million (US$354M post tax) & IRR 32.0% (22.2% post tax)?

    why? because the feasibility study was generated on the assumption of a $1.31/lb zinc price



 
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