IBG - $20 Million Market Cap, close to $55 million spent on Exploration to this point plus $27 million was paid for the site...approx $82 million spent to be worth $20 million. At some stage the pendulum must swing and return on investment moves favorably.
Market Cap at $80 million we are worth 16.5c on today's shares on issue.
If we get 2 to 1 on investment - Market Cap worth $160 million we get 33c per share based on today's register.
The DFS has an NPV of approx $650 Million US from memory...so the scope is there.
IT"S COMING!! ...
GLA and DYOR.
Volume has pick up and price moving higer, page-9
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.770M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $579 | 144.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 18458614 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 18206233 | 8 |
View Market Depth
| Last trade - 12.33pm 04/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |