Roughly $40M AUD Potential Re-rate Scenarios with Strategic Partnerships
✅ Scenario 1 – Brazil funding confirmed + pilot plants built + tech proven
If Viridion secures confirmed government funding (say ~$10–20M+), builds pilot plants, and begins steady magnet REO output: Market cap re-rate range: ~$80M–$120M Share price potential: 1.5c–2.5c
✅ Scenario 2 – Major offtake or downstream JV signed (e.g. EV or wind supply chain)
A named offtake agreement (especially from CIT SENAI or international partner) would validate IXR’s commercial case. Market cap potential: $150M–$200M Share price range: 3c–4c (assuming no major dilution)
✅ Scenario 3 – Brazil + Makuutu backed by MSP/government investment
If both projects (Brazil & Makuutu) receive funding or strategic backing (e.g. MSP, UK/EU/U.S.), the market would likely revalue IXR as a dual-path REO supplier and recycler. Market cap range: $250M–$400M Share price range: 5c–8c
Final Thought:
These are speculative, not guaranteed, and depend heavily on:
Non-dilutive funding
Strategic offtake partners
Pilot-to-commercial scale-up
No large CR before traction
If IXR becomes the first mover in Latin America's REO recycling + Makuutu gets traction, then yes — a re-rate toward $200M+ market cap is realistic. That’s 5x from today.
IXR Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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