Timeline: IXR has done an extraordinary job catching up to MNS, in fact assuming they tick 3 more boxes this year, they will have reduced MNS's 17 months headstart to just 3 months. See table below. Will they tick the boxes? The PFS no problem, announced that's on track. The other two - ESIA and ML - I understand IXR's in-country manager Kavishe has been working on them for most of 2015 and they are well advanced. He has traditonally got things through the bureacracy in a fraction of the time it has taken our peers.
![]()
Offtake agreement(s): given today's announcement, I'd anticipate offtake agreement(s) in place 4-6 weeks after PFS. They have already announced talks well advanced.
Capex: IXR's "go small go fast" strategy should see capex 25%-33% of MNS's $200m. Much easier to fund $50m-$75m than $200m
Project Funding: similar to offtake, I anticipate 6-8 weeks after PFS. They have already announced talks well advanced with Madame Chen and other Chinese parties interested in our graphite
Time to production: a project a quarter to a third the size of MNS will be materially faster to complete.
Opex: today's metallurgy results announcements means IXR will pip MNS on opex.
My conclusion: a higher quality graphite project into production before MNS.
- Forums
- ASX - By Stock
- IXR
- IXR versus MNS
IXR versus MNS
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IXR (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.08M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $45.71K | 6.354M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 13633161 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5433226 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 12848163 | 0.007 |
29 | 15033845 | 0.006 |
20 | 12319001 | 0.005 |
9 | 9173770 | 0.004 |
5 | 7932333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 4030634 | 9 |
0.009 | 5739646 | 13 |
0.010 | 13640454 | 20 |
0.011 | 2736907 | 5 |
0.012 | 2060046 | 8 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |