I am not looking at lines on charts ..... 40m odd Mkt cap is small fry for a proven resource!
IMV the there is still sense of is this "Too good to be true" which really contains a few inherent questions including:
1. Is the resource real?
2. Is the market price of the 99.99% HPA real at ($20,000 / tonne),
3. Can IPT turn the Ore into four 9's purity HPA? (industrial process)
In my view, the first question has been answered in today's announcement by an independent party.
The second is a matter for the market - but it would be silly to mis-quote a price, and even if future prodn elsewhere halves the price .....
So I think this all hinges on question 3? and pre-feasibility study!
$16b potential revenue over its lifetime is pretty good value for 40 m Mkt Cap today - I see lots of upside!
Without getting silly about comparisons .....If my basic math is correct DEG has approx $26.6b in potential revenue but also has to dig out about 400m depth of ore to extract it, and loads of cash to fund its development! GLTAH!
- Forums
- ASX - By Stock
- IPT
- Ann: Maiden Mineral Resource of 880,000 tonnes at Lake Hope
Ann: Maiden Mineral Resource of 880,000 tonnes at Lake Hope, page-10
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IPT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.71M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $25.84K | 2.149M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 7920321 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 873509 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 7920321 | 0.012 |
17 | 4118643 | 0.011 |
10 | 4007000 | 0.010 |
4 | 1710565 | 0.009 |
8 | 1062000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 873509 | 3 |
0.014 | 2619826 | 7 |
0.015 | 5435717 | 7 |
0.016 | 199936 | 1 |
0.017 | 850000 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
IPT (ASX) Chart |