IR1 0.00% 63.0¢ iris metals limited

Pre-Listing Press

  1. 188 Posts.
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    Good to see the company doing the right thing on the promo front with articles in * and Small Caps.
    Although I'm not a fan of promoting for the heck of it, you do have to make yourself known in a crowded market place.
    Well written articles outlining some of the company's competitive advantages, including:
    • Strong tenement position in central mineralised corridor of bonanza grade Kookynie field where MCT/NME corporate activity underway
    • Strategic tenement holding in Leonora - a gold camp well & truly in play - where IRIS is surrounded by KIN which is itself in play from SBM
    • Excellent historics on all its tenure
    • Along strike from recent G88's Wanghhi Project
    • Excellent management team with strong shareholding in company - inteersts aligned with shareholders
    • Endorsement from strategic cornerstone ($1m investment), Levi Mochkin (ex PLL & current ODY), who knows a good resource deal when he sees it
    • Tight capital structure

    As an aside, without a shadow of doubt, IR1 has the best cap structure of any of the Kookynie players. MCT and CAV both have close to 2.5Bn shares and GTR, whose tenement holding is much smaller, has around 1Bn.
    Personally, I think a $10.5m EV at listing price is cheap with all this on offer.
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