The ford contract is perhaps 10% of 125TPA capacity, noted to the market, on margins of 50-60% before taso mentions they have found large operational gains in process controls leading to potential reduced capital opex.
IMOO, if DOD come on board, like a couple of other Australian critical mineral companies have recently, this is not over/but under valued.
From being a stake holder in Hyperion, to now, their ability to follow thru on stated objectives, is impressive.
I note, all their twitter posts still talk of having "the ability" to onshore the Titanium supply chain, but I feel it's only time before there execution catches up with their confidence!
IPX Price at posting:
$3.17 Sentiment: Buy Disclosure: Held
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