Some points from that post - and thanks for adding your views.Re...

Some points from that post - and thanks for adding your views.

Re IGO - they will not diversify out of Li, they own 25% beneficial interest in Greenbushes - the worlds largest miner of Li, at an industry low opex of ~$450/tonne SPO6. Current spot market price ~ $1100. It is still a cash cow and explains why IGO has a huge pile of cash. Problem is that profit is down from crazy levels a year ago !!
However the acquisition of Ni ventures has fallen flat, they won't say what life is left in Nova, IMO it's about 5 to 8 years. But Indonesia/China's huge play into laterite Ni has snicked the ball thru to the keeper as far as Ni price is concerned. That product is low quality Ni as Ferro alloy for (equally) low quality stainless steel. Go check your made in China SS BBQ for rust !!
However your conclusion that a large Cu project would be good for IGO is correct IMO.

Re Copper Wolf - So far IGO is holding and waiting to see how BUX's exploration on their 100% Wolverine works out. But they will need to make their intentions known soon. Their former CEO moved out on Ni horrors and falling SP, now the new one (Ivan) must make some decisions.

The biggest problem for BUX is the ridiculous low M.Cap. If IGO played T/O it will be for multiples of the cap, so best thing for us LT holders is to see it appreciate.
I do dismiss the so called 'right of first refusal' problem, on the grounds that it does not come into effect until an offer is made, but has no influence over whether or not any offer is accepted or not.