Member Info for I4CU

Esm - Thats doesnt effect intrinsic value.

Esm - the share was ramped by a bunch of clueless ramper fools ( who should be ashamed of themselves) and who dont know what they are doing on the pretense of funding which anyone with a brain larger than the size of a small pea could have told them they wouldnt get.

Some people have worked out the Value at 2.5p per share and others higher and you are talking about fair value at a 50% of its previous share price. You dont really know what you are talking about do you.

Yes, its undervalued, some people think that debt is value though..lol

Esm - You werent one of the ones ramping with the dream of funding were you. Anymore funding could have significantly diluted their asset.

Esm - Yes, theres no clarity yet on the detail and .5% doesnt represent a 50% core asset reduction either. What are you talking about here.

Esm - They lost their debt, you dont own debt.

They didnt get funding, i didnt expect them to anyway and that hasnt effected their core asset value or their other other plans, so whys the share taken a 50% dump?

You think that they could still get funding with the strong recovery in the zinc price?

Funding?

What is that? It is based on hope but i would like that 80 level to hold, that mountain peek on the left now serving as support would be a good sign, db today on the intra isnt strong i know but might be a signal for short term support level.

DB on that intraday, no?

Money moving back in Mkt cap increased by 8 million. Possible double bottom on the chart aswell, could be a turning point.

You may well be right but it is a calculation put forward by someone, mine is higher, but its still around 3x more from here. You have it at 4x more i have it even higher.

According to one calculation 2.5p

Doesnt match my figures but his opinion still helps with the overall situation here. I hope he doesnt mind me using his opinion from another board. ´If the valuation of the company as stated in the RNS is $63 million then 10% in sterling terms is £4 million, with close to 160 million shares in issue I make it that each share has a intrinsic value of around 2.5p. I am not 100% clear about the $3.4 million dollar loan from Korea Zinc as described in the RNS (see below) "During the transition period, outstanding invoices owed by KRP for 2015, current remediation costs and operating losses are expected to amount to about US$3.4 million and this will be covered by Korea Zinc and be treated as a loan to KRP. There will be no recourse to the Company for this loan" If the company is not liable to repay this loan then with no other debts other than those covered by the land sale agreement then its all about can the company grow from here? ´My personal view is probably not but I would not be bailing just yet, I honestly cannot see the viability for either Korea Zinc or Zox in us retaining 10% so maybe in a few months they will buy the rest from us hopefully the zinc price will continue to recover to boost the value of the plant, even then who will decide how much that is? The bottom line is the current NAV of the company is near 2.5p so why sell at 1p.....Hold and see how it pans out.´ .

Someones taking the peas here..lol

see me talking alot, but my problem is a simple one, the P\B valuation is incredibly cheap at these levels, how can it go any lower. Seems incredible to me at 0.08 Anything below 1 is deemed a bargain or in other words you are buying the assets of the company at a discount well this is 12x discounted. Any thoughts?

I dont know the exact number these are round general numbers but 600k per month and no debt is pretty damn good and with the expertise to do ventures with other interested parties, that wont be too difficult in a rising zinc market where there is obvious profit, they seem to past the pioneering phase.

Or they could hold and earn 600k per month (maybe more) with no debt for a while. With a view to doing something else with somone else.