Image is in it early days of production and 3/4years from now Image will more than likely have their second mine site up and running Atlas. Image yearly profits could easy exceed $100 million a year even at a P/E of 8 that returns a SP around 80 cent but who really knows.
For example there's a little mining company that has a share price of 11.5 cents and a PE of 200 right now on the ASX and another one that have no funding no nothing no approval and yet their price is $0.34 MC 75 million but what two companies do have is have is great media presence. If these guys make an announcement to the market Within 2 days 30000/ 45000 people have looked on here
Image is doing an amazing over-the-top job on delivering on this project and yet a poor job of selling themselves/ getting the news out. For example why have they not made an announcement that 30000 tons when out on Sunday. If you look back over the past 5 months every time an announcement of product been shipped out out share price rises.
Anyway I've had my whinge for the day.
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