Dynamo,
Consider SDL, its characteristics are actually quite similar to IBG. They have a resource which is in difficult terrain (IMO worse due to the mountains, impenetrable jungle and distance from port), it has a massive resource (which on a comparative scale is actually smaller because IBG looks like its going to be close to the world leader in resource size IMO), but there board is well on track on securing funding through to development and ultimately production. These things do happen, and what makes it happen is the resource it self and the quality/size of it. Like SDL, its IO tenements are abundant and demand development, IBG is no different, something this big, just will not be left behind. Like I have said in a previous post, not that I am of any influential position, if I was on the board, I would suggest management offload a substantial stake in the company to an entity which would provide the capital and resources to build the mine and all its infrastructure thus de-risking it for IBG investors but this is only my opinion.
I guess what Im trying to say it I believe, although its not ideal, the challenge wouldn?t be too large. As long as the DFS and all its financial NPV?s prove positive with high IRR?s and margins of safety, we are sweet as candy, and that?s the space I believe we are in.
Bring on the JORC (hopefully with an exploration target as shabandri has rumored near 1000m tonnes)!
- Forums
- ASX - By Stock
- update on contracter website
Dynamo,Consider SDL, its characteristics are actually quite...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.782M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $25.01K | 6.756M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 20700281 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 2008400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 20033615 | 0.003 |
20 | 15205034 | 0.002 |
6 | 8799980 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 2000000 | 1 |
0.005 | 4317961 | 9 |
0.006 | 4860777 | 2 |
0.007 | 1101257 | 5 |
0.008 | 606448 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online