igc become a shell company, page-30

Selfsell ,a newspaper clipping from 2006 ... at the height of the resources boom
Now I havent done research as to what values applied to platinum stocks back then ,but $70 have been ok for that time when resource valuations were at a premium .
We have had a financial crisis since that time ,and there is no way that would apply now .
In general a company that is in production will have a much higher IGV than a non producer .
Analyst averages I have read (including companies in production ) have been $20 -$26 .
Non producer average IGV's will be lower than that .
NKP ,at around $3 is much lower than the average .
IGC at $60m would equate to around $20 .That looks generous for a non producer .