will ibg be consumed and by who???, page-2

Highly unlikely without a fair price, have a look at what nyrstar offered for other zinc resource it recently took over you will be surprised, we r looking at few billions for nyrstar T/O. plus the fact glencore 13% blocking share means any takeover will be fair market rate


Also from all accounts Nyrstar is very much interested in being a part of this big zinc mine, Mr Erling Sorensen, chief commercial officer of Nyrstar Commenting on the ironbark zinc after paying 40% premium for 30% stake to help IBG to carry out drilling program , Mr Sorensen stated:

"We are excited by this investment and our new relationship with Ironbark as we believe that the Citronen zinc-lead project has the potential to become one of the world's most significant zinc mines, comfortably placed on the cost curve and well positioned to supply our European smelters for years to come.

We believe that the fundamental outlook for zinc is positive and this investment is a commitment to the long term sustainable future of our business and our position as a leader in the zinc industry".

Also china and india r buying good assets left right and center