$200m mc for a pre-discovery explorer is already a strong valuation. As others will say, I expect there to be a staircase up over the coming months and years. Discovery will bump IVZ. Flow rates and expanded net pay in Q2 ‘24 will bump IVZ. If you’re here you obviously believe Zim isn’t the jurisdictional risk it otherwise has the reputation for. PPSA and money flowing to Invictus will prove this to the market at large. That will be another major derisking.
IVZ Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
