Zinc forecast to be $1.25 in 2017, page-4

If zinc averages $1.25 in 2017 with mining approval in hand, would think 40c is a reasonable estimate, Recon.

A deal with NFC, which has to be likely, could propel the share price well above 40c. The NPV of the project would exceed $1 billion so a market cap of $400M = 80c would not be out of the question, especially if zinc is increasing through the year and finishes above $1.30.

Below is a graph of the share price of IBG over the last ten years, which shows the impact on the share price when zinc gets over $1.10, as well as an historic graph of the zinc price.