One positive from the quarterly announcement is the delineation of a zone of 60% Fe. This does represent some imbedded value. Even if IFE does not have the funds to get this to ship this ore body may represent value for Arrium or Centrex. There is also the possibility that a cash flow positive way may be found to get some of it to ship. If a feasible plan was developed and all the details released to shareholders, enough of a capital raising may be possible ( < 5 million)to save this company
One positive from the quarterly announcement is the delineation...
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $23.01M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $10.86K | 1.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2791390 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5097399 | 9 |
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| Last trade - 14.49pm 05/07/2024 (20 minute delay) ? |
| TYX (ASX) Chart |