Back in 2010...post GFC (pre GFC it was $1) IBG had a market value of over $120 million. The thesis back then is similar to today but stronger. 1) the deficit is here..not only that, two of the largest zinc producers are limiting supply 2) zinc price is higher today 3) you can say what you will but the ML is closer today than 2010.
If anything we should be trading over $120 million I.e. 20 cents
POZ Bounce, page-185
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $6.770M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $4K | 1.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 21788917 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21610501 | 12 |
View Market Depth
| Last trade - 15.13pm 22/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |