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0.00% 6.7¢ iron road limited

Ann: Advanced Fuels Project to be Developed at Cape Hardy, page-7

  1. bond00what
    2,194 Posts.
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    21/05/24
    12:10
    Post #: 73932358
    im now trying to reconcile what assets IRD has vs its market cap

    They've just sold their main asset for 15mil (land value only)
    If the project is successful IRD will get 22mil by 2030
    and If the Advanced Fuels project is successful - the royalty stream is where the money is.

    Thats Alot of IF's...over a long timeframe, for a large capex project

    How to justify a 70m+ Market cap now ?
    Last edited by bond00what: 21/05/24
    IRD Price at posting: 9.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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