IBG 0.00% 0.4¢ ironbark zinc ltd

Some thought on price. If our NPV is $800M aussie on production...

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    Some thought on price.

    If our NPV is $800M aussie on production and this assumes we have 1Billion shares on issue – that's 80c per share.

    • Take the $800M Aussie and discount it by 15% (Risk discount) so make it $680M Aussie.
    • Then divide it by 2 as only 500M shares on issue at the moment, so now say $340M Aussie market cap.
    • Then take 33% of that value gives us $113M Aussie Market Cap
    • Then divide that by the shares on issue $113M/500M = 23c
    • 50% of $340M Aussie gives us $170M/500M = 0.34 cents

    23 to 34 cents is the magical mark I think with ML in place and finance negotiations underway and Zinc staying above $1.10lb

    DYOR and GLA
 
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