reality check, page-19

Aurelius,

Not disagreeing with most of what you are saying, and I sure don't expect IGO to bounce back to $9 without a massive transformational event, however without that I would think $6 in 12 months or so might be reasonably expected without such and event.

I suspect the zinc analogy is weighing too heavily on many minds, and in particular the PEM analogy. PEM has a relatively high cost operation, and management nothing to write home about. IGO is well managed (although perhaps more aggressive capital management overdue), and has a very low cost operation.

When comparing IGO costs with others, worth remembering IGO does not capitalise much development hence D&A low, so best not just to compare cash costs as some do.

Good luck to any solvent enough to buy,
EL