my best guess is that Bligh Capital and Maccas will look to get the US$15m placement away at 15cents or better.
The reason being the stock is tightly held, so if any party, or parties, want a chunk they will have to pay up for it.
then even at 15cents and fully diluted we are looking at the 1st full year production PE being around 3-5. Plenty of upside for the insto or sophisticated investor at that price.
if at worst it turns out to be a PE of 5 those paying 15cents will still double their investment. if the PE turns out to be better then more upside.
remember 20+year mine life, suite of products, potential value adding to products, only U.S. domestic producer, marketing/take-off agreements in place...the list goes on.
IDM Price at posting:
12.8¢ Sentiment: LT Buy Disclosure: Held
