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
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.715M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 55624796 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6455089 | 10 |
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