Interesting that the report theorises a AUD $13.4m raise at 20c and a USD $22.2m loan at 8%.
This would be a great result. Do they expect a strategic buy-in at that price or think the price will get above that mark on the back of binding offtake news...
Makes 14c sound good.
Valuation 64c per share IIR research report, page-21
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