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13.5¢ intermin resources limited

Book value of IRC's gold resources ?, page-2

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bodeh

190 Posts.

13

15/09/18

12:18

Post #: 35620454
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Originally posted by JamesExpat2 ↑

Just finished reading a short article on Friday's West Australian (page 64-West Business Section)
which may lend support to some of our posters estimates of our in situ gold (ie disregarding
our Richmond vanadium resource for the moment).
The article headed "Ramelius buys again" and reports-

(1) Ramelius to buy the Marda gold project (Yilgarn region) for $13m (151,000 ozs @ $86 per oz)

(2)Ramelius ann. a hostile bid for Explaurum(Wheatbelt area) for $59m(485,000 ozs @ $121 per oz)

NB the above to be feed source for their Edna May recently acquired gold mine(bought from Evolution
in a staged $90m deal last year).

Gives us some insight as to what IRC's current 433,000 oz resource plus targeted 1,000,000 ozs
by December should be worth(and again ignores our vanadium).

Food for thought and surely confirms a predator is in the wings suppressing our SP and Mkt. cap.
Hold firm as it's only a matter of time for a breakout.

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James what would you have at guess our Vanadium was worth to SP ?

IRC Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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