If you look at IBG's Annual Report you'll also notice that the resource upgrade was based on applying a forecast zinc price of US$1.08lb in 2011 (average of forecast from Macquarie,Barclays and GFMS.
Zinc is now at 93c/lb overnight (up another 3.3%).
IBG's resource is about to be worth a whole lot more a lot sooner than 2011.
DYOR
If you look at IBG's Annual Report you'll also notice that the...
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