INR

6.25%

15.0¢ ioneer ltd

an excellent overview and a timely reminder that this is a...

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milleniumfalcon

13 Posts.

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31/08/23

09:56

Post #: 69654864
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Originally posted by Sallitt: ↑

Investors forget, prior to Covid back when the Lithium Carbonate price traded at $10,000 per tonne, Ioneer’s share price was $0.18. this was possibly the fair price for an ‘Asset’ in the ground that still had many hurdles to jump over to get through to production.
fast forward 4-5 years, and punters who have little understanding around what Ioneer have achieved are suggesting we are seeing fair value at $0.23.

A few points of interest:

- Ioneer’s have received 2 of the 3 required permits to start mining since they were $0.18 pre Covid.
- They have received a conditional debt facility from a U.S. government department of US $700million.
- They have an experience project partner committed to providing US $490million in equity.
- They have $60 million in the bank
- They have worked the the various government bodies to ensure the survival of an endangered species of plant.
- They have premium off-take partners in the form of Ford motors and SK innovation.
- Their mine life is now over 100years and the southern pit Is open in every direction. They also have the Northern asset.

The list goes on, and yet 5 years later you only have to pay $0.05 more to buy shares in the company. Logic has been thrown out the door through excess speculation and punters trying to make a quick $.

lastly, the guys that get on here and bang the drum about increased mining costs of 30%, yep that’s true. However you forget to mention that modelling for INR’s NPV assumes a Lithium Carbonate price of US $12,000 while even after its drop it’s still US $30,000 per tppy onne. That’s an almost 300% increase on what INR used for their NPV some years ago.

If you were happy to buy 5 years ago at $0.18 with none of the pre-stated achievements mentioned, then it would be difficult not to want to buy them now IMO.

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an excellent overview and a timely reminder that this is a bottom drawer holding for the foreseeable future. More than happy with my holding here regardless of the recent volatility.

INR Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.0¢		Change -0.010(6.25%)		Mkt cap ! $348.8M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.0¢	$507.6K	3.293M

Buyers (Bids)

No.	Vol.	Price($)
13	476823	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	64319	5

View Market Depth

No.	Vol.	Price($)
13	476823	0.150
17	709569	0.145
22	1001347	0.140
17	1470487	0.135
16	1484102	0.130

Price($)	Vol.	No.
0.155	64319	5
0.160	337463	7
0.165	201250	6
0.170	305496	5
0.175	285000	5

Last trade - 16.10pm 28/06/2024 (20 minute delay)

INR (ASX) Chart

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