NYSEAM:SVT - Post by User
Comment by
brodeuron Mar 04, 2022 11:33am
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Post# 34483367
RE:RE:RE:RE:Zinc at 1.82 - unreal.
RE:RE:RE:RE:Zinc at 1.82 - unreal. Did u say need at least 14% before a major looks at it? Wonder how this project got $657M in funding at 4.7%? IRR is good for 20yrs, that's all it matters.
https://www.kitco.com/news/2021-12-08/Ironbark-lands-up-to-657M-in-funding-for-its-zinc-project-in-Greenland.html
"Citronen is a world class zinc and lead project, which is projected to be a 3.3Mtpa combined open pit and underground operation treating an average grade of 4.7% Zn and 0.5% Pb over an initial 20 year mine life.
In July 2021, Ironbark released the results of the Citronen project’s Bankable Feasibility Study, with a post-tax free cash flow of US$1.46 billion, post-tax NPV(8%) of US$363 million and IRR of 15.2%."