IGO offered $312m(AUD) in 2019 when Nickel prices I think were about $14k per tonne and PAN was in survival mode with large debts at the time.
How much has changed… Nickel prices at $28.5k per tonne with lower AUD which will ultimately represent (about $31k per tonne when currency is converted from USD to AUD).
Cash generating business with ramp up in full progress, off-take agreement, debt facility, total restructure, two shipments due before June, EV revolution, new discoveries being mapped out with prospect to increase production or extend the mine life, NPV at $1.7B using today’s spot/ currency, broker valuations at $0.70 per share using current metrics and top management team in place who have delivered to date.
What value do you put on this business?
IGO offered $312m(AUD) in 2019 when Nickel prices I think were...
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