gold went from 385 to 1900 now 1400
Same with iron ore 15 to 180 now
Zinc Price Will do the same and IBG and other junior
companies are bound benefit over the medium term, with zinc prices expected to take off in 2016 that is when IBG will be production
Also. CRU International forecasts that the real three-month price of zinc, defined as the nominal price/US consumer price index, will go from US$1900 in 2013, to US$2,455 in 2015, and US$3,305 in 2016.
So per pound price per pound is expected to go up to 161 cents in 2016 from 90 cents per pound in 2013
So if price hits as forcasted in 2016 IBG will gross margin in excess of 150 million to 250 million
So all this project is not viable said the same Pasminco how wrong we're they btw present owner of Pasminco NFM via minmetal is interested in IBG
if JD work out project finance IBG is stock to be DYOR
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gold went from 385 to 1900 now 1400 Same with iron ore 15 to 180...
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