I had a brief look at the numbers when the IO mine was operating in 2014.
Based on the current IO market rate (up more than 30% since 2014) and US $ exchange rate (again 30% better than 2014), my understanding is mine is likely to generate EBITA of $5m annually. Has anyone done number crunching?
Market cap of $6m is simply a no-brainer here. This could be 5c in a blink of an eye. That's my opinion only.
I had a brief look at the numbers when the IO mine was operating...
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Last
0.4¢ |
Change
0.002(60.0%) |
Mkt cap ! $4.953M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $5.281K | 1.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13230009 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8479149 | 15 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CTN (ASX) Chart |