IMA good value, page-4

CC
by the time Atlas ends , minimum 4.5 years but likely 6 from today, IMA would have built up a massive cash war chest, thus any execution risk as you see it is significantly dismissed.
mineral sands, unlike other commodities does not have the mineralogy issues in terms of grade , recovery etc so I just don’t see the execution risk one would normally be worried about as you would in say a gold company

when looking at IMA one should not look at cash but also inventory and land value that is set to be resold at improved values