IDO indo mines limited
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indo mines - cashcow

  1. calibra21
    195 Posts.
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    24/03/11
    15:46
    Post #: 8160195
    Indo Mines will be one of the lowest cost pig iron producer in the world in cause of 273 million tonnes of Fe are near surface (0-6 metres).
    The scoping study shows very low operating cost of US$149 per tonne/pig iron. Assuming sales at US$300 to US$350 per tonne and intended production of 1 million tonnes per annum, indo mines will have at least US$151 million of positive cashflow per annum but the current marketcap is only ~75 million A$.

    What a cashcow - for us, too.
    IDO Price at posting: 34.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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