IDM idm international ltd
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Peppie,Iluka has an asset in the balance sheet "Mining area C"...

  1. Valin
    6,072 Posts.
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    14/06/11
    19:53
    Post #: 8537524
    Peppie,

    Iluka has an asset in the balance sheet "Mining area C" at cost of some ridiculous figure (can't remember off the top of my head) but they receive something like $70 million a year from BHP to lease this area and it's increasing every year.

    So that alone has to worth well north of $1 billion.

    :)
    Nic
    IDM Price at posting: 22.9¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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