Cin,
what are you talking about? The cut-off grade is 0.6g/t -which is not the actual grade, grade = 2.01g/t. This is very acceptable at this stage.
IGO owns 1.2M oz of the resource. This is also very acceptable as this will be a low cost operation.
You’d price IGO’s share at about $200 per oz, or $240M to the mcap…
I think the weakness is more attributed to weak Ni prices as well as general market doldrums.
annoucement, page-5
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Last
$4.89 |
Change
-0.110(2.20%) |
Mkt cap ! $3.703B | |||
| Open | High | Low | Value | Volume |
| $5.10 | $5.12 | $4.89 | $24.02M | 4.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 24489 | $4.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.91 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| IGO (ASX) Chart |