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0.00% 6.2¢ iron road limited

News: Iron Road reports positive PFS results , page-4

  1. fluffynymph
    53,839 Posts.
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    29/06/11
    12:01
    Post #: 8602808
    IRD has an EV of $126m with a Resource of 1200mt with an outstanding EV/resource $/t of 0.11. Our resource will increase substantially by the end of the year. In comparison, SDL have a resource of 2520mt and a EV/resource of 0.43. IMO, we may not stay at these levels once the resource upgrade is announced. Our time will come as our $/Fe unit is too low at 0.62. Nice and long with IRD as always.
    IRD Price at posting: 84.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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