Jeddah,
This is a very significant release.
The initial mine life of originally 8 years is now extended by 3 years whilst putting more ore through for processing each year. So if they are going to make $100m per year on this initial mine then we now have another $300m in value over the long term.
If the total resource is anything near as large as they allude to in their releases then this increased processing capacity
Ames a
Addict different to the bottom line long term.
Remember this is announcement only relates to the initial start up mine which i believe will only be about 15% or so of the total resource.
Another plus is that now all the info required for the BFS is at hand so the release of that won't be far away.
Ann: Open Pit Upgrade - Process Opportunity , page-5
Add IBG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $3.667M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $6.831K | 2.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 58237153 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2149728 | 2 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| IBG (ASX) Chart |