technical breakout, page-27

Yeah, I thinks thats great and the upside is definitely there. We just need to fully understand the resource amount and quality before a proper valuation can be made. I feel IOH is valued under peers, such as GIR, and I am not sure if the RIO deal/s (mine gate and IV) are going to hold back or whether its because Kerry S. has 53%... both appear good in my book and being undervalued (when we know at least 350MT really should be easy) is a wonderful thing.

Also remember AGO and AXO are more about infrastructure access than resource, and they were under time pressure to get the deal done. UMC sets the absolute minimum in my mind. So the minimum is $5 (and based on a min resource of 350MT), and fully agree $7 plus would be likely. We just need to break the all time high. Give it a few more weeks!