As long as Zinc stays above US$0.52/lb not much to worry...

As long as Zinc stays above US$0.52/lb not much to worry about...

Highlights of the Feasibility Report included:

• NPV8: US$1,034 Million (US$909M post tax*)
• IRR: 36.0% (35% post tax*)
• Capital Cost: US$514 Million**
• Large Scale Production: 3.3Mtpa Mine Rate/Production up to 200,000tpa zinc metal
• Site Cost: US$0.52/lb Zn (Payable, Net of by-product credits)***
• Mine Life: 14 years (open ended and with further inferred resources that could potentially be converted to reserves)
• Life of Mine Revenue: US$6,364 Million
• Life of Mine Operating Costs: US$3,025 Million
• Life of Mine NPAT: US$1,836 Million*

http://ironbark.gl/projects/greenland/citronen/

Based on the below article Citronen's time is probably soon!

Among others, major projects that could be brought into production in the medium term include Arizona Mining's $1.2 billion Hermosa project (95ktpa), Ironbark's $500m Citronen project in Greenland (up to 200ktpa) and the $890m Khnaiguiyah project in Saudi Arabia (80ktpa).

http://www.mining.com/last-hurrah-zinc-price/

Last hurrah or not still quoting :

Expect zinc prices to move lower, and we see an average of $2,850/t in Q4, just under $2,600/t average in 2019, and an eventual journey to around $2,100-2,200/t at the end of the [5-year] outlook period.

IBG still close to doubling it's money worst case scenario, plus asset too BIG to ignore...

Cheers