Book value of IRC's gold resources ?, page-6

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JamesExpat2

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17/09/18

17:46

Post #: 35653088
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Originally posted by Sharetrader78 ↑

Personal I think we should be around twice the Market cap 60m to 65mill 27-30c on our current asset prime locations & JV + royalties

I think we will see 1moz resource but it may well be 1Q19

Vanadium value to IRC IMHO 8m to 10m this is using QEM IPO 20mill value which of course is very similar to our V projects (I discount as we will only hold 25% with AXF but then adding value from AXF 6mill spend and connections)

So my fair value at present market 28.5c

V-Upside, of course, will be large if AXF can take the V Project forward to Scoping study+ off-take agreements MOU etc could well add another 20-30mill to are Mktcap

-Gold Projects well now we look to have exited J/Vs with EVN / EGS plus the extra Ida shear/Lakewood we have so many Prime Projects I wouldn't be surprised to see JP sell down TEAL CAMP/Binduli to gain a war-chest of Cash$$$$$$$$$$$$$ once he has proved up a decent resource nearby NGF/EVN plants

.. which is fine by me getting an extra 20-50mill+ cash payments.(Its either that or they take us out!!)
Then invest those funds into a 100,000m+ pa drill program over the Menzies High-grade targets ,Lakewood, Blister dam etc

Just Maybe when EGS closes it's doors IRC and another operator could JV 50/50 the Davyhurst plant on the cheap ..then to the south use Lakewood Toll treatment ...between to the two would give us a good chance to become a serious 100koz producer 2021-24 IMHO

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Crazy low SP so couldn't resist and bought a second lot at 14 cent which makes
a small dent in my average SP of 18 cents (option cost 1 c plus conversion 17c).
If these SP destroyers want to offer these silly prices who are we to reject them.

IRC Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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Book value of IRC's gold resources ?, page-6

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M