Share price has changed, Joe and won't bother with a chart. We know it's been a lot higher but for much of the last four years (other than one year false dawn on zinc price) it was around half of today. But let's not quibble as we are all pissed off with the market reaction to zinc above $1.20 and IBG milestones. Can only suggest fatigue as other zincies are also wallowing.
So I dispute project finance, mining process or marginal metrics and suggest the market has got it wrong and currently IBG is undervalued. If NFC don't deliver, I will eat my words. But put yourself in their shoes. Wonder why they bothered to undertake their next step in the process as soon as ML was obtained. Here's a link if you missed it... http://ironbark.gl/investor-centre/asx-announcements/2017-2/
Zinc will only tighten further this year, barring a black swan event and at some point the market should re-rate the sector. If NFC deliver, IBG might outperform big time. Can't see it continuing at this level through to the end of the year. So what's your prognosis, Joe?
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $5.500M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $72.74K | 22.15M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 28367245 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 33870342 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 28367245 | 0.003 |
52 | 89368161 | 0.002 |
16 | 76950982 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 33870342 | 15 |
0.005 | 20576598 | 8 |
0.006 | 4920703 | 9 |
0.007 | 1940300 | 4 |
0.008 | 2606448 | 4 |
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