International Goldfields says it will step up merger discussions with Nkwe Platinum after it received an independent report that valued its South African assets at up to $64 million.
The discussions follow an option agreement signed by both companies in August where Nkwe agreed to acquire International Goldfields' (IGC) 15 per cent interest in three South African platinum farms known as the Tubatse project.
Right now, IGC is rated buy with the 0.36 target price in six months.
check here:
"http://au.stoxline.com/q_au.php?symbol=igc&c=ax&Analysis=Analysis"
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International Goldfields says it will step up merger discussions...
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