100,000 tonne at 5% is $935,000,000 processes at $85USD per pound.
100,000 tonne dig cart fob at $100USD per tonne $10,000,000
$925million and give away 50% to buyer and smelter which I would image around 25% max but say 50% to be generous, $450,000,000.
How many of the current market caps cash in the bank now at $450mil.
Don't need a processing license, Don't need a mill or infrastructure, Don't need a tailings storage facility, Don't even need to drill.
News: I88 Infini Resources Seeks Trading Halt, page-27
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Last
47.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.73M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.0¢ | 46.5¢ | $30.70K | 65.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10682 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 2761 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| I88 (ASX) Chart |