He conservatively estimates 120k ounces p/a, POG say $1,750, COP $550(margin $1,200). Net $144m. Set aside $44m for discovery, corp cost, product upgrades, etc. At a worse case we hold $100m. Remembering by this time we are pretty much debt and hedge free.
So at a conservative x10 multiple our mkt cap is $1b. Or SP of $1.15-$1.20. Pretty much double where we sit today...
p.s. These are not blue sky assumptions- much are fact based and conservative, with POG the main variable - consensus would suggest a $1,750 assumption in 6mths time is also conservative.
Lift SP lift....
IGR Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held