Ann: IGO: Update - Western Areas Scheme of Arrangement, page-22

Hi Sirecho

The rising PON has significantly increased the Market Capitalization (MC) of Nickel Producers (like IGO and MCR) in the last 6 months.


Since 31 September 2021, MCR's MC has increased by 91.7% and it is yet to sell any Nickel this year !!!-- yes in 6 months !

Is WSA worth more that MCR? They have the same MC as of today!... and are the assets of MCR worth more than WSA's? No !

If WSA was valued at 91.7% more than the $2.40 you cite...... the SP would be $4.60 today.