IGO 2.12% $5.09 igo limited

Cin,what are you talking about? The cut-off grade is 0.6g/t...

  1. LSM
    1,251 Posts.
    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.
 
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