If your after quality mid to large caps, one to take a look at...

  1. 2,796 Posts.
    If your after quality mid to large caps, one to take a look at right now is IGO. Now this is a diversified miner, but holds around a 1/3 stake in Tropicana, one of Australia's lowest cost, highest quality gold mines, so is leveraged to the gold side of things that way. Tropicana is a real cash cow.

    IGO also acquired Nova off of SIR last year. Paid too much, and the SP has been hammered since reflecting that, but trading looks very much like a bottom is forming.

    If you're after a quality, diversified miner with exposure to gold, you can't look past IGO. In Nova, it's base metal assets look to be of a high quality too (jaguar and long are nothing special, but not bottom of the barrel either).

    Anything under $2.50 looks cheap IMO.
    Last edited by Toxxxic: 11/02/16
 
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