IR1 5.43% 48.5¢ iris metals limited

Mate, with all due respect is that pre or post-consolidation and...

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    Mate, with all due respect is that pre or post-consolidation and pre or post-merger with NME?
    If it's pre-consolidation, at 25c you're talking a MC of about $600m.
    On what basis - their MRE?
    I'd be shocked if they had 250K oz.
    That doesn't come anywhere near justifying that share price/MC.
    And don't forget, they only own 51% of the JV.
    I appreciate your optimism but I reckon there's more chance of Carlton winning the Grand Final - and they're not competing.
    I'd love to hear your reasoning though.
 
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