The resource is enormous. The weather conditions despite being so close to the North Pole has less technical difficulties than Teck's zinc project in Alaska. Glencore and Nyrstar have got a very firm grip on it. (Nyrstar do have a non-dilute you need to factor in) The NFM group have agreed to finance 70% of the project through debt-financing. Zinc fundamentals is expected to be very favourable in 18 months.
(Click here for IBG.AU on Google Finance)
In short - this can be >20x bagger stock.
(Click here for IBG.AU on Google Finance)
In short - this can be >20x bagger stock.
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