Member Info for UpDownFlat

At that point in time it would be worth +- $400m

Looking at the latest update, IRC net debt should be about $100m by the end of 2021.

And considering the terriable management if the cycle turns it might only be worth Pavels original price in 18 months.

The real question with IRC is how long the commodity cycle lasts, and are POG able to capitalise on it. I agree with Rusty POG don't have any cash, so selling IRC would give them some. $100m is a fair price for 31% right now.

KRSS,

I thing their will be unimpairment of IRC which will be positive.

Iron ore 65 FE @ $220, no better time to sell the stake in IRC then now. Get $100m for the business and pay off some f'ing debt

Rusty ,

Polymetal are saying that their new hub will be fully ramped by the end of 2023. They only started it in 2020. Pre-production capex is $431M according to the blurb. And Gold output

Google says $239M MC for IRC which is about right.

Surely if IRC is worth a $1b is should be making a dividend payment of $50-$100m to it investors ?

most companies are 5 -6 times

many companies trade on three years.

It would take them about 10 years to repay their MC ? If prices stayed where they are or went higher.

on $25m cashflow per quarter

you are ****ting me ....

POG's stake would be worth $100m. IRC can certainly do $25M cash in Q1

If IRC can make $100m cash this year, their MC should be around $300m.

show me the cash

Rusty,

I think Pavel was hyping production (to hype the share price) if you go back to some previous presentations this decline was always known. It was just offset by increases in refractory, which haven’t occurred. This might or might not be due to the new management but does it matter as an investor?
I have no doubt that POG will get there with refractory, at some point. The big issue at the moment is cashflow.

Did I read correctly POG are giving terms on Gold sales ?

Rusty, it is a word but not yet in the dictionary.
regulatory ....something