So.... what does this latest news do to the value of IOH? If we hit the high $2's on the MOU (failed) with RIO for up to 1.5m tpa sales from Phils Creek (that was only going to last for 5 years or so anyway) then how does a royalty deal set us up? After all as SW says we now have a lot of other exciting prospects to drill out and prove up.
As usual the market will decide, but it would be nice to see if the buyback takes off on the assumption that the shares are now heavily undervalued....
Well done to the management, you are making good on your aim to commercialise IOH, this is far better than stranded ore in the ground. Thanks.
RiverDry
IOH Price at posting:
$1.54 Sentiment: LT Buy Disclosure: Held
