Sunday 8 April 2012

Ironbark Zinc (IBG.AU)

This is a stock with the potential to be enormous and I'm buying it like there is no tomorrow.

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.

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