I did some quick calcs trying to bridge the Scoping Study NPV figure back to a share price - see below:
The share price comes out at around 5.4c (in 2024). Whilst this doesn't look exciting on face value, as many careful readers have noted, this figure doesn't include multiple significant upsides coming from:
1. Purchasing the remaining 40% stake
2. Factoring in the other 75% of IXR's resources (as the current SS only takes into account 84.5Mt out of 315Mt of the company's total resources)
DYOR (or just read the SS in detail) but I think its a decent punt at current prices with loads of upside.
Full disclosure: 4.5c average buy-in
Ann: Makuutu Rare Earths Project Scoping Study, page-180
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.95M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $23.49K | 2.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 300595 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 7952769 | 18 |
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| Last trade - 15.42pm 27/09/2024 (20 minute delay) ? |
| IXR (ASX) Chart |