Massively undervalued is an understatement and a half. At the current SP the EV is approx. $50mil, and this quarter with the increased shipping, FEL coming online, MIO buying at the gate, at least $30-40mil will be added to the bank for the quarter.
Let people panic with the IO price dropping, but there has been no strong fundamental change IMO at the moment to support a continued drop. We may not get over US$200 a tonne for a while or again, but every IO miner is still printing money at today’s price US$170, even at US$140 and US$120.
IMO I don’t see IO going below US$120 in the next 3 years, and below US$150 in the next year. Lots of money for GWR to make ahead.
Sit tight, ride the bumpy waves, the good times are still ahead and the company has derisked substantially over the last 3 months
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8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.94M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 8.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 1250 | 1 |
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| Last trade - 16.11pm 21/06/2024 (20 minute delay) ? |
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