Yes Mudguts it has been completely forgotten. IF they can prove up 60 million credits, double their estimate but 30% lower than a similar project in the region, that would give IVZ ~ 30 million net. Current value ~ $3.50 US ~ $5.50 Au or about 5.5 million AU income. Lets say they spend 2 million on the project, 2 million would go a very long way in that part of the world, the average Zimbabwean monthly salary is ~ $1100 Au so 2 million could pay ~ 150 staff for a year, that's 3.5 million income pa. What value does a company have with 3.5 million in income on the ASX....given a whole swag of them are not even profitable ??
IVZ Price at posting:
15.0¢ Sentiment: None Disclosure: Held
