Ann: Drilling Targeting High-Grade Gold Underway at Minos, page-13

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Rossi70

4,407 Posts.

1570

21/05/25

19:34

Post #: 79138487
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Originally posted by Aphid1000: ↑

Here goes, all my opinion and assumptions made as Indiana have not disclossed material information regarding their cash.

VALUATION

1. Cash of circa A$71.5 million,
LESS: 18 % of Nett - being 18% of US$ 23 million ( last payment of US$30 million less final loan repayment of US$7 million)
EQUALS: A$71.5 less A$6.5 million = A$65 million OR 10 Cents per share.
2. ADD an estimate for Minos Gold
At an guess 300,000 ounces when a JORC comes out @ 150 per ounce ( shallow, open pit, good ground and at circa 1.5 to 2 grams per
tonne - this is less then 2 percent of the current spot gold price.
EQUALS A$ 45 million or 7 cents per share.
3.A$ 20 million for all our great ground REE and other excellent walk up targets.

EQUALS 20c per share

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Hi Aphid1000,

So what you are saying, that IDA share price is being manipulated.

10000% agree.

IMHO.

Regards

Rossi70

IDA Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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