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IBG

33.3%

0.2¢ ironbark zinc ltd

very well put, many people dont price in where IBG is along the...

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ranger08

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21/07/21

15:40

Post #: 54665149
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Originally posted by Otgkb: ↑

Thank you for sharing, interesting to hear other people's investment theses.

Although briefly looking into the companies listed has reaffirmed my investment in IBG. ADT's Vares project is valued at just over US$1B NPV from a PFS (numbers similar to IBG's 2017 feasibility study), and although it has a healthy IRR of 113%, there is still a looong way to go until financing and development (DFS is next). Not to mention that it is already valued at close to $500m mcap, obviously the market has already priced in something good there.

Compare this to IBG which, even though Citronen has a lower, but realistic, project NPV of $363m and IRR of 15%, is only valued at under $30m mcap! With the final investment decision due within 6 months, and news of approved financing from none other than the US government due before then! I'm not a short term trader, but imo, short and medium term upside in IBG is far greater, and it is still flying miles under the radar.

As a pure zinc play, if the above are the alternatives available on the ASX (AZI still explorer status/TZN only owns 65% of their zinc project), I'm more than comfortable accumulating down at these levels. Not trying to dissuade your conviction in the above stocks, but just reaffirming my own in IBG btw.

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very well put, many people dont price in where IBG is along the mine development cycle

IBG Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $3.667M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$88	43.7K

Buyers (Bids)

No.	Vol.	Price($)
35	44351322	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	4754732	6

View Market Depth

No.	Vol.	Price($)
34	44101322	0.002
12	12600487	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	2754732	5
0.004	30408333	9
0.005	9133505	8
0.006	1250330	3
0.007	765300	4

Last trade - 16.10pm 27/09/2024 (20 minute delay)

IBG (ASX) Chart

very well put, many people dont price in where IBG is along the...

The market's shrugged at China's stimulus measures all year. Why is this one different?

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HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

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very well put, many people dont price in where IBG is along the...

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

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HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News