That's true, Reiner, IGO have only just bedded down the Jabiru t/o, and have the Jaguar and Bentley mines (cu/zn/pb/au/ag), and they also have the Stockman project to develop in due course, but their Long Nickel mine has only a limited life on current projections. I think that they extended it from 2012 to 2016, but they need to look ahead for another source of nickel to replace Long down the track.
Mind you, MLX who benefitted from the premium price which IGO paid for JML, also have about $100m in the kitty, and they might be looking for a smaller nickel project if they can't get Wingellina up and running in the foreseeable future.
big brother - white rabbit, page-6
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15.0¢ |
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Mkt cap ! $42.98M | |||
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| FML (ASX) Chart |