The other players in this market have been kicking around the ball but no one has been able to score. IND since listing has the mining license, premier free hold land, close to port, minimal shareholder dilution and the management to deliver.
If they continue to pursue the subcontract model, it will give them the ability to sure up port access and FCF which they could then put into fixed plant and take the extra creme, new project acquisitions or dividends perhaps!
The first cab of the rank I think is going to own the space given the lack of port access available. My own back of the envelop calculations come up with a NPV of around $5 a share, and that's being conservative taking into account only the Stockyard project. I'm looking forward to seeing the scoping study when its released.
Full discloser - I am in top 20 and looking to buy more. Just my 2 cents.
The other players in this market have been kicking around the...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.84M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10025 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 25554 | 2 |
View Market Depth
| Last trade - 12.28pm 14/07/2025 (20 minute delay) ? |
| IND (ASX) Chart |
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