IGO 2.78% $5.55 igo limited

cant decide, page-2

  1. 13,963 Posts.
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    Jesimore,

    I am biased, having picked IGO over MCR to retain long ago (also well sintered atm).

    *IGO has lower costs, but then some of MCRs operations (OJ)might not be much higher in cost.
    *MCR has better hedging and if there ever is a pon upturn MCR provides about twice the leverage to it.
    *Then again IGO has a lot of gold potential not recognised in the sp, which gives it a second independent chance of recovery.
    *Both have good management.

    Because of it's higher costs I am inclined to stay away from MCR atm (but would have been wiser to've stayed away from IGO as well - until now of course).

    EL

    EL
 
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