IGO have so much infrastructure in place nearby and such little mine life left that they will pay big $$$$$ for a feasible high grade deposit, especially whilst going into a Nickel boom. This is why projects in this area trade at a premium. They will also be able to pay for a lot of it in shares... I believe plenty of long term Nickel explorer investors will be happy to receive IGO shares as payment and many likely hold IGO shares already. If they hit a thick high grade section and confirm some strike + width, 1 billion+ MC wouldn't surprise me over at LEG.
It will just make BSX look super cheap and free up extra cash for LEG multibaggers to invest elsewhere into company's like BSX, GAL and AZS.
My opinion. DYOR!
Ann: Blackstone to raise $21M in Placement and SPP, page-104
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Mkt cap ! $17.36M | |||
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