Paterson Exploration Project, page-30

to buy CYM at $200 m double our current MC is cheap for IGO ie 36c per share based on 545m sh at $90m m. cap.
Question is can $200m also buy the current management to come along with CYM
the current management are mostly ex-Finder. N they want this project to fund their retirement . n at $200m not much mango mambo to go round.
I do not think management will bite it. when their cost is close to 30c.

maybe at $400m at 73c , than it is food for thought.
we only need to be patient n sit tight.

1.7m ton of Cu in ground
$30m + to spent on Drilling by IGO in jv to add more Cu
Concentrator on site
All the infrastructure on site now.
another $150m finance to get 25000 ton/ year Cu plate out. IGO will not need finance.

just look at HAV
1.9m ton Cu EQ
Deal to sell to OZ
It need another $100m to drill N $500m to $700m to be in production

Metals Acquisition clinches $1.1 bln deal for Glencore's CSA copper mine for 41000 to 49000 ton/year cu