The equation of:- Potential 100
. ------------ = approx ----- (500 over 5 cents). Might seem ridiculous at first sight. But, eg, CHN has shown the way.
Spec. 1
Pretty good odds when the potential is currently very strongly positive....and the current Spec value is way, way undervalued.
All makes for an interesting next few years investing...upon what some have already put on the table in the 1 to 5 cents range!!
The last announcement detail on page 2 adds some more substance to the future at Mt Lindsay, with more announcements due to come out of WA.
Riley is a bonus if IO can rise enough soon to give decent income over next 2 years.
Iron Ore & Tin price, page-935
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