IXR 5.00% 1.1¢ ionic rare earths limited

Ann: Trading Halt, page-58

  1. 252 Posts.
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    Unlikely. it's too early in the process to give up what we've built to this point. Plus the exponential growth possible from here makes it very difficult to put a price on this venture yet. My humble opinion here is that 10c would be hugely under valued and five times that is more likely. The challenge is that Ionic have done all of the leg work with the Ugandan government and appear to have built significant rapport. Any new player stepping in now doesn't have what we have, the confidence of the government and boots on the ground.
 
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