bargains on offer one day only, page-10

quality producer at cheap cheap prices They are currently making almost A$10/lb on their unhedged production, about 65% of that on the hedged production ( 25% ish ). Assuming they produce 9000t in the next 12 months ( ie no production growth on 2005 ) on my calculations that produces an EBIT of near on $170m !!!!!! They only have 117,300,000 fully diluted shares on issue ... they have stated publicly they want to have a VERY progressive dividend policy , at current nickel prices a 30c or even 40c div is not out of the question .... 15% div yield !!

IGO is VERY VERY cheap if current metal prices are sustainable ( if Ni averages $10lb for the rest of the year then $5 for IGO is still great value , you can buy for just over half that at present !! )