All depends on your outlook on Zinc and if IBG can finance this monster project.
If a decent deal is done, you won't be seeing 12c.
On just Zinc production alone 158t x ( 2850t Zinc Tonne price - 1578.3 cash cost C3 (based off DFS 72c per pound all in) = 199m free cash before tax/admin/capex
Market Cap is a measly 53m or so.
Just my thoughts off course, i also expect to see zinc trade near 3200MT in 2017.
If they can't finance in this environment, then they never can. JD has done a good job thus far.
all IMO.
Zinc on the rise - Proactive Investors UK, page-35
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Last
0.3¢ |
Change
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Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.612K | 544.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 19654995 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 5731115 | 10 |
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| IBG (ASX) Chart |