A 40% premium to current price would put IGO on a P/E ratio of about 12.5 given Tropicana only and ignoring the profit from other mines and cash. That's assuming AISC about the same and using current POG. So not a bad deal.
As a holder, I see further upside than a 40% T/O from here. By the time the half yearly is out, with everything up, especially because of the lower $Aus and lower AISC due to higher production in a number of areas, this should be well north of $5.
But the market is a fickle beast, so I'll just add on these pullbacks, thanks Mr market.
A fundamental valuation Q IGO vs. AU, page-2
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Last
$4.98 |
Change
-0.050(0.99%) |
Mkt cap ! $3.771B | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.20 | $4.98 | $19.64M | 3.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 30561 | $4.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.01 | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |