I can't believe post an ann which basically stated they have a very good chance of a significant high grade resource over many km, the SP has dropped back to where it was pre-ann..
Yet IRM trades at nearly 50c on no news, and what may be a potentially smaller resource based on area.
If we take MDX's recent statement: 17000 x 500m width (range from 250-2000m width, taking a low 500m avg) x say avg 20m depth = 170,000,000m^3. If we apply a specific gravity of 3g/cm we get a possible 510mT of magnetite..
For comparison - this would be about 1/2 what GBG announced in September, with about 1/5 the shares on issue.
This is not even counting the hematite potential which may be significant at the north..
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Last
5.0¢ |
Change
0.003(6.38%) |
Mkt cap ! $102.4M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $7.772K | 155.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 53127 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53127 | 0.047 |
2 | 288888 | 0.010 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 100000 | 1 |
0.055 | 20000 | 1 |
0.056 | 50000 | 1 |
0.058 | 50000 | 1 |
0.066 | 200000 | 1 |
Last trade - 12.21pm 27/09/2024 (20 minute delay) ? |
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