June Paydirt, page-12

It should be, but the market is a crazy place at the moment, very few market caps are reflective of their assets and cash in the bank. Right now, it appears everything is undervalued and there are bargains to be had everywhere. IPT is one of the best bargains out there at these levels! We know that there is money in the bank and we know that the Lake Hope Project will only get further de-risked before production. A major re-rate will have to take place at some stage IMO.

Also, the market has to turnaround at some point too, it has been a horrid 4/5 years for most commodity related stocks, especially explorers. Even commodities doing exceptionally well like gold at records have not spread to the ASX. The ASX gold producers making mega bucks are lagging behind big time. There will be a time when all of these resource stocks will have to play catch up to the overall positive commodity conditions. I am holding many shares waiting for this turn! I have not held strong during rock bottom of covid, wars, banking crashes and recessions in recent years to finally sell before the bull times arrive.