is this the next fmg, page-3

It's a little thing called "DEBT" tiddler.

The market is currently valuing IMP at $36m-40m

ie: 16m equity
24m Debt

So market is valuing it at basically what they paid for the assets: ie: NTA.
Now it has revenue of $AUD8.9m per quarter.

So you can see that at $40m is not unreasonably priced, although looking cheap.

Last time I backed a macquarie bank resource minnow play such as this it was DML, where good money was made by all. Each quarterly saw confidence in DML build and the share price advance, something similar here possible with IMP, but may test patience if here for the fast money.


Good luck.