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20.3¢ iris metals limited

where are you getting figures for IR1 resource?

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Lithium_King

659 Posts.

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26/07/23

07:31

Post #: 68980476
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Originally posted by stzenit: ↑

No having a dig at @letsee or @MoonRocket, if anything I hope you legends are correct. Where is the minimum $2billion figure coming from pre-production?
From memory LTR had a market cap of about AUD 2.5 billion before production, resource of about 156 Mt at 1.4% Li2O.

IR1 has a lithium resource of about 42 Mt at 1.3% Li2O. This is about 27% of the resource size of Liontown. If we were to speculate based purely on resource size, and assuming all other factors (such as lithium price, cost of production, company management, etc.) are equal, we might expect Iris Metals Limited to reach a market cap of about 27% of Liontown's pre-production market cap, which would be around AUD 675 million. Given one of their performance right is 500m MC before June 2024 for 20 consecutive days, wouldn't ~700 million be a more realistic figure? Correct me if I am wrong here, happy to be wrong but that was my assumptions.

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where are you getting figures for IR1 resource?

IR1 Price at posting: $1.36 Sentiment: Buy Disclosure: Not Held
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Last 20.3¢		Change 0.008(3.85%)		Mkt cap ! $27.66M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.5¢	$22.46K	111.6K

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No.	Vol.	Price($)
1	15000	20.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	15000	0.200
1	50000	0.195
1	20000	0.190
1	10000	0.160
3	53339	0.150

Price($)	Vol.	No.
0.205	24000	1
0.235	1575	1
0.240	10000	1
0.245	25000	1
0.250	48734	2

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