20c woll, MST Access told us, start mining & producing and its a...

20c woll,

MST Access told us, start mining & producing and its a 30c spot valuation and thats with NP at 8.60 & EBITDA at a lowly $71Mpa (like WSA EBIUTDA) yet they forgot its a 1.1MTpa mill so they can produce up to 20ktpa and make an EBITDA of $240Mpa from this alone (maths posted before)

That monster mill is the key asset here,
"Feed the Mill" is going to be a massive money spinner going forward as the volume production has tripled, market doesnt see this as yet but will start to.
And the higher the grades the lower the costs and the higher the production it goes.

market assumes a 1.0% average grade, if this goes to 2.0% like at Nova then is this worth $3.5B like Nova is to IGO?!
Heck they can even just mill the high grade of 30kt for 2 years at 9.0% grade into 16% grade and the cashflow  money bags will be even bigger.

early refurbishment
early jumbo decline driver use
early mining
early dewatering =
early production & early massive EBITDA & FCF

If they issue a FID next few days for circuit 2 mill refurbishment of 1.1MTpa plus dewartering start up & mining early next year with AISC at 4.05 at HIGH MARGIN PRODUCTION as NP is at 9.00 & NO DEBT and LOW CAPEX as most capex already spent and done, all ore bodies have mine declines right to them & that 2.2MTpa monster mill on top, then -

its MINING NIRVANA imho.