IRN indophil resources nl
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Cash backing on IRN - 20cNet Tangible Asset Backing - 40c...

  1. sf120
    3,394 Posts.
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    18/03/09
    21:35
    Post #: 4918832

    Cash backing on IRN - 20c
    Net Tangible Asset Backing - 40c approx

    Cash burn rate is very low so overall we could hold 20c for a long time, Happy to keep this with the prospect of 300% in how ever long it take these guys to sell Tampakan.

    Obviusly this is worst-case, but I dont see why a takeover bid isnt factored in considering the activity last year.

    Whats missing?

    im in at 24c

    IRN Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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