I think the beauty of IRD is they are setting up multiple income/royalty streams.
They can sit back and let others take care of all the details including financing capex.
Never say never but it seems unlikely they will need to cap raise as we have interim funding from land sales and AMP projects.
With green iron interest lodged I expect once confirmation of support comes from government the CEIP project partner will be announced, ironically I think the market may have forgotten this project. It certainly isn’t reflected in the SP as we continue to tick boxes and de risk, hard to believe it’s potentially going have upwards of 10 billion dollars invested in this multi purpose hub and the CEIP project.
That’s significant globally.
IRD Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
