IBG 0.00% 0.3¢ ironbark zinc ltd

Ann: Trading Halt, page-44

  1. 1,427 Posts.
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    If EXIM is approved, and the SP drops, wonderful - I'd be happy buying more with that de-risking.

    $53M mkt cap is miniscule. It wont take much volume to move it either direction, IMHO. But it might take a few days for word to get out.

    As I've said before, if this puppy gets funded, then with an average annual post tax free cash flow of ~ $73M USD over LOM, my target will be $0.65 for a P/E 10, assuming 1USD=0.80AUD, and guessing 30% dilution to come.

    All very rough calcs, and I might be wrong, so DYOR everyone!
 
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