IXR 9.09% 1.0¢ ionic rare earths limited

General Chat / Discussion, page-8916

  1. 906 Posts.
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    For everyone saying that people are playing with the share price and it must be the Chinese you need to have a hard look at yourself. So far makutu our ONLY mining operation will most likely (80% chance) be mining at a loss by all the information we have about it. The recycling part of our company is good but know one even knows if it will turn a profit at least for now. And once we get our studies back from itwe still need a massive investment into BUILDING a a whole new commercial plant which who knows how long it will take to build an get up to 100% production and how long will that commercial plant take to build and how much? Our only remotely good thing that ixr has at this MOMENT is our investment in VMM. yes the recycling plant will be good once it gets up and running and one of the few in the WOLRD but literally other then that what do we have? We are actually lucky to have a 60mil market cap. We still have years away from any profits so we could easily go under 0.010. Yes this will be a good company in 5-7 years but shooting for the stars as a very young company is an absolute battle and we are just at the start of the war
 
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