At .072 and fully diluted I make the CAP value about $99m.
Less cash n equivalent of over $9m at end of last quarter has enterprise value of about $90m.
Looking at IO futures for next couple of months even if it averages $130 that still equates to about $40m profit?
So $90m less income $40m is still around $50m for all of the projects Mt Lindsay, Kulin,Thor etc etc….
VMS: Riley Iron Ore Mine - Profitable or Not?, page-103
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Mkt cap ! $32.04M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $13.43K | 1.037M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6358114 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1978798 | 8 |
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| Last trade - 14.52pm 09/10/2024 (20 minute delay) ? |
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