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NEXT Investors - Wise Owl, page-19

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hummms

1,519 Posts.

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13/06/21

17:03

Post #: 53821513
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Originally posted by hummms: ↑

If you look at the disclosure on P1 of the Wise Owl report on IRD you will see it has been paid for by IRD.
That means there could be a cause for being a cynic.
I suspect they have accumulated before publishing. It's a natural position. They are now talking their own book.

But going back to 2011 , Blue Ocean brokers put out a report as did Taylor Ellison brokers in 2012 specifying the probable lift in share price upon investment decision being taken and then again upon mine output date.
The figures of these 3 reports are approximately the same between then and the current 12.5 m ton output DFS.

After adjusting for shares on issue and increase in resources to reserves I come up with a shareprice of $2.33 upon decision to build.

But all that is dependant on finding an offtake partner. That hasn't happened up till now.
Be patient.

Over the longer term things could be even better.
On P11 of the 2011 annual report it is stated that the prospects for Hambridge were even better that Murphy Sth but they ceased drilling because of the cost of repositioning tonnages from Resource to Reserves.

At the end of the day you have to make a call.

I say invest and hold. Think like Gina Reinhart

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https://unauthorised investment advice/resources/simandou-iron-ore-exports

IRD Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $54.08M

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NEXT Investors - Wise Owl, page-19

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Issues emerging as Australian companies tackle critical minerals challenge

Tonight's US CPI data could set the tone for November. What are markets expecting?

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

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Buyers (Bids)

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NEXT Investors - Wise Owl, page-19

Top Stories

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Issues emerging as Australian companies tackle critical minerals challenge

Tonight's US CPI data could set the tone for November. What are markets expecting?

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

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