IMO, the market has already fundamentally factored-in IMA's worth based on its production & revenue forecasts and the only way that the SP will significantly improve is that: (a) LOM significantly lengthened (b) finding extra customers & increasing output/revenue (current Chinese offtake is the bottleneck) (c) improvement in Zircon %age in concentrate ( the $ element) (d) a buyout
IMO, doubling the resource would lead to a normal fundamental valuation (EPS X P/E)
IMA Price at posting:
24.5¢ Sentiment: Hold Disclosure: Not Held
