IBG 0.00% 0.4¢ ironbark zinc ltd

Market Cap is the key - still so undervalued. IBG has so much...

  1. 540 Posts.
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    Market Cap is the key - still so undervalued.

    IBG has so much scope for improvement - $36.5 Mill is so low based on resource size and considering IBG spent $27 Mill buying the asset and close to $55 mill since then to get to this stage ready for ML approval.

    Add those 2 up and you get $82 Mill and we are valued at $36.5 Mill. Reversion to the mean has to happen at some stage; then its here IBG GO! ..break even on expenditure gives IBG a 16 cent share price alone..

    Wait till ML approval

    GLA and DYOR
    Last edited by djr67: 03/08/16
 
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