IDO 0.00% 0.3¢ indo mines limited

indo mines - cashcow

  1. 195 Posts.
    Indo Mines will be one of the lowest cost pig iron producer in the world in cause of 273 million tonnes of Fe are near surface (0-6 metres).
    The scoping study shows very low operating cost of US$149 per tonne/pig iron. Assuming sales at US$300 to US$350 per tonne and intended production of 1 million tonnes per annum, indo mines will have at least US$151 million of positive cashflow per annum but the current marketcap is only ~75 million A$.

    What a cashcow - for us, too.
 
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Currently unlisted public company.

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