A 40% premium to current price would put IGO on a P/E ratio of about 12.5 given Tropicana only and ignoring the profit from other mines and cash. That's assuming AISC about the same and using current POG. So not a bad deal.
As a holder, I see further upside than a 40% T/O from here. By the time the half yearly is out, with everything up, especially because of the lower $Aus and lower AISC due to higher production in a number of areas, this should be well north of $5.
But the market is a fickle beast, so I'll just add on these pullbacks, thanks Mr market.
A fundamental valuation Q IGO vs. AU, page-2
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Last
$5.73 |
Change
-0.010(0.17%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.72 | $5.74 | $5.62 | $9.229M | 1.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 14331 | $5.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.73 | 2686 | 17 |
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| Last trade - 12.40pm 26/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |