- SOI = 713.33mil shares - $36mil cash on hand - 94% ownership of Hawsons Iron Project that has NPV of:
* Low-case = around $8bil * Mid-case = around $12bil * Upper-case = around $20bil (at Fe65% price of USD $250/ton).
- Current MC/NPV (Low case) = less than 1.5% - Current MC/NPV (Mid case) = less than 1% - Typical standard MC/NPV across many mining projects at post-PFS, pre-BFS stage = 20%
- Ready to commence BFS in the next few weeks. - Current engagement with off-take partners for official binding off-take agreements.
COMPELLING and LIFE-CHANGING INVESTMENT? The maths absolutely say so.
CAP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held