aud 3.94 valuation

Amazing announcement... 12.4Moz with only 40% of drill holes returned. This is a 25Moz inferred resource announcement to me. This has to be one of the greatest platinum discovery ever.

If IGC has only 15% which is still 3.75Moz equivalent.NKP has 74% which is a massive 18.5Moz

Platinum prices are at nearly $US2000 per ounce and most research houses are predicting platinum prices to continue to rise.

Looking at a margin of $US1000 per ouce. This means IGC in worth $US3.75billion

I know its in early stage and a proven resource is far away. However this should be offset by the fact that only 10% of the surface area is taken into fact. The final numbers could far exceed 100Moz.

To be conservative and I only take 20% of the of the 25Moz this is still $750million

IGC has 190 million fully diluted

I have a $3.94 valuation for IGC. I do suspect that IGC will be valued alot higher as more resources are proven.

I have a whopping $14.80 for NKP

Anyone else out there have more information to offer?

IGC is a $1+ stock minimum. Any value under this is just wrong