I have a research report on Iluka from 12 months ago written by a cluey mineral sands analyst. The target was $8, they're now $17 and that analyst now thinks $22+.
Once we hear from management regarding initial selling prices and volume throughput, plus an outlook statement for both, then we will be able to paint that picture.
I know that doesnt answer your question, but I believe that IDM is in the right place at the right time and that's enough for me.
Pep
IDM Price at posting:
22.9¢ Sentiment: None Disclosure: Held