has the nickel price prive bottomed, page-4

nk,

While many others are talking of a "cash" profit, IGO should also make a real profit for the year if A$pon doesn't move, not a lot.

We should also remember there is still free carry work being done on our behalf by AGG that has real long term benefit but does not show up on the books.

Also worth us remembering pon is about 85% of what IGO hedged at about 2 years ago, so if you were looking at today from a perspective then things wouldn't look that bad. Yet back then sp was much higher, and since then we added nearly $1 per share in cash.

As always with these cashed up stocks we are trusting in management to make some really astute decisions, the we could actually come out of all this with a far better positioned company. I trust CB with the mining and the exploration, but after Matrix we are still waiting to see if he has accumen in the aquisitions dept (or discipline not to if he hasn't).

Personally I think exploration will be what drives this beast to the next level.

EL