Renewed IGV upgrade considering current spot price
10mt @ 1.3% =130,000t
130,000 x $10,400t = $1.35b USD / $1.65b AUD
20mt = $3.3b AUD (easily achievable) with over 170,000m historical drilling, worth over double current m/c alone + $4m cash
30mt = $ 4.95b AUD
This is not including any silver credits which will be decent as well
If the bottom end spec valuation is approx 4% of IGV
Gives current fair value @$66m m/c
$66m ÷ 151m SOI = 43c per share
Current s/p is like buying someone a drink when they own the bar you are buying it from
Cu price will still climb making this deposit valued @1% of its real worth, you will not see this undervalue in the copper game again
Keep an eye on the stealthy buys
GLTA
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