Ann: Production underway at Iron Ridge, page-79

Ok thanks for explaining

so imagine there is at least some estimates in play given IO is expected over $100 for next couple of years at least.... and the feasibility study was done at a much cheaper price

surely we don’t need money actually in the bank to realize that value of the stock though? In this case the share price would inch up slowly over 6 year.... I dunno it just doesn’t seem right.

i cant understand why the market isn’t valuing this closer to fair value using a reasonable or even conservative assumption of IO price

for the guys with spreadsheets who are modeling the value - if we back it out what IO price is assumed by a $105m MC? Seems like it is about half of where we are now or even less.