Not sure what you're trying to calculate...
Base case of only 85Mt (not the entire 315Mt or more) at higher prices is USD$785m over 10 years. Combined with 60% ownership and assuming the mine scales linearly, its around 1.7B USD over (27 years?). That's almost 10x the current Mcap.
This doesn't even take into account any processing plants / vertical integration (which if would they shouldn't have any issues funding). Which is clearly the play given the recent purchase.
No EBITDA Multiple factored either.
Ann: Proposed issue of securities - IXR, page-17
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Mkt cap ! $57.97M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $1.995K | 161.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 56 | 16022833 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.3¢ | 2664705 | 9 |
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| Last trade - 14.46pm 04/06/2024 (20 minute delay) ? |
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| 1.2¢ | 1.3¢ | 1.2¢ | 3400997 | ||
| Last updated 15.54pm 04/06/2024 ? | |||||
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