Possible double bottom formed,

This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with NCZ a notable success recently.

Key #Zinc project numbers

http://www.proactiveinvestors.com.au/companies/news/183790/ironbark-zinc-reveals-robust-economics-for-citronen-as-zinc-prices-rise-183790.html

- Net present value: US$1.034 billion (US$909 million post tax);
- IRR (internal rate of return): 36% (35% post tax);
- capital cost: US$514 million;
- 3.3 million tonnes per annum mine rate/ production up to 200,000 tonnes per annum zinc metal;
- site cost: US$0.52 per pound of zinc (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$6.36 billion; and
- life of mine operating costs: US$3.03 billion.

$ASX:IBG