Very interesting times.
See the article below. Appian noted that two carmarkers were bidding in the sale process of its nickel mines in Brazil. Some of these were the old Mirabela assets. Does anyone still think IGO is the only company that would be interested in a nickel sulphide project in WA?
"Appian, which put the two assets up for sale earlier this year, said the process had been very competitive, triggering a bidding battle that included unnamed large miners – as well as two carmakers. “They were actually bidding, which was fascinating. I think that is a story in itself,” Michael Scherb, founder and chief executive of Appian, told the Financial Times. “It shows upstream security of supply is a major concern for industrial players.”
https://www.mining.com/sibanye-stillwater-buys-nickel-copper-mines-in-brazil-for-1-billion/
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- Why I think that if IGO bids it needs to be at least $4.00 per share.
Why I think that if IGO bids it needs to be at least $4.00 per share., page-164
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