The more I look into this, the more undervalued I think IBG is at $0.30
NPV US$1,035M* (US$ 909M** post tax)
Market cap is only AUD27.54M
Est. NPV is 10 times the market cap based on the out-dated feasibility study (expect new one will be even better).
Compare this with SRK:ASX... market cap 55M... forecasts an operating net cashflow of $167 Million (pre-tax) and a net present value (NPV) of $140 Million (pre-tax) over an initial four-year mine life...NPV/Market Cap is only around a factor of 3.
I'm not sure if there are more undervalued juniors out there, but if I'm missing something on why this is ridiculously undervalued, please advise!
The more I look into this, the more undervalued I think IBG is...
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Last
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Change
0.001(12.5%) |
Mkt cap ! $7.172M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $3.019K | 697.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10523624 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 604582 | 3 |
View Market Depth
| Last trade - 10.59am 03/05/2024 (20 minute delay) ? |
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Last
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Change
0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 2550000 | ||
| Last updated 10.55am 03/05/2024 ? | |||||
| IBG (ASX) Chart |