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4.76% 6.6¢ iron road limited

News: IRD Iron Road Enters Joint Development Agreement With Macquarie Capital, page-6

  1. gzeminem
    985 Posts.
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    28/09/20
    20:33
    Post #: 47689478
    I have been researching IRD because one of my mates told me about this company.

    Please correct me if I am wrong. Based on what I have read can you please shed some lights on my questions.

    1. DFS IRR is 21% - this seems a bit low for high grade open pit iron ore mine which also factored in higher iron ore price in future.
    2. No infrastructure - IRD basically needs to do a lot of work before digging. This recent ann seems to be positive but the proposed port seems to be baby step 1 towards the ultimate goal of production.
    3. based on the above two factors, I am not seeing this company produce anything perhaps for the next 5 years at least.

    Thanks ahead.
    IRD Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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