Market capitalization comparisonIt's interesting to make a very rough comparison of III's market capitalization shortly before the August 2014 tailings dam disaster and its current maket capitalization.
2014: 74.9 million shares at $18.00 per share = $1348 million
2023 154.9 million shares at $2.00 per share = $310 million
Taking into account a) the dam disaster liability is gone, b) the huge increase in the value of Red Chris, and c) the probable increase in the value of Mount Polley, the current market capitalization of III should be substantially higher. Even assuming the 2014 market value of $1,348 million, the current share price of III should be about $8.70 per share.. I appreciate that other factors are at play e.g. metal prices and exchange rates, convertible debentures, etc, but the overall message is clear.