igc soon to be cash box, page-19

Hi JRB,

After crunching the number i'm assuming that the independant valuations (Nov 08) were based on platinum prices at $850oz..?

Platinum prices are now 25% higher compared to when the valuations were completed- I still can't understand why IGC is trading so cheaply considering their lowest valuation was at 35cps???

As part of ASX requirements IGC would have to announce to the market if any other offers were received and or rejected that being the case...

JB