Take your point on Indonesia in terms of risk. Indus have a pretty good connection on the board so im hoping the risk is somewhat mitigated but you never know what could happen. Im hoping they prove it up and sell it and return some capital and move onto the next block they have. Its basic earthworks and i think the current fob price is about $60/t. The river barge system in indonesia looks simple enough. I dont think it would be unreasonable to expect to sell this asset for a a tidy sum that would multiply the market cap several times over. Then of course how much Indus owns will depend on a second payment to the original owner. So far no news on how they might fund that and i think its due very soon. Im in for a punt !
ICZ Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
