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
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