I may be wrong here, but with a minable resource of around 300-400Mtons, Does this not mean that each share on issue now represents roughly 100kg of Ore ?. Ore from which a total Revenue of $27/t ($2.70/share) is expected, Or more importantly $1.50 per share (after costs), which spread over 15 ? Years.= 10c per share. Congratulations you are currently trading at 75% of your LOM value all before any of the usual PFS/DFS/EIS studies have been done! Q.. Does IXR have its Mining Licence yet ?
Ann: Proposed issue of securities - IXR, page-4
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