Book value of IRC's gold resources ?, page-7

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GC837986

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18/09/18

15:11

Post #: 35674427
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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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ST, good post, bit of left field thinking which I always think is good, you might be right, who knows

IRC Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Book value of IRC's gold resources ?, page-7

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

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