Ann: IGO: Update - Western Areas Scheme of Arrangement, page-19

Prior to the IGO offer, WSA was trading around $2-40. So talk of $5-70 value for WSA if IGO withdraw seems make believe. The current price of $3-60 represents a 50% increase, so the increase in the nickel prIce is already built into the current share price. Also, no other suitors emerged over the last few months. But how this also plays out for both businesses is fascinating.

Disclosure - have both IGO and WSA shares