FedX,
With single mine producers such as IGO I wouldn't project too much into a single (in this case poor) quarter. Mine life isn't an issue imo, but 07&08 hedging is. I am not going to pretend it's a short term buy on it's nickel production (as there are better such buys), I have it in the bottom drawer for the exploration prospects, and because I like the management approach and calibre.
I think you"ll find the Tropicana region turns up with much more than 3 mmOZ, based on the efforts being put into it by Ashanti, IGOs obvious enthusiasm for it, and the limited area they have explored to date. But then I am no geologist.
EL
looking good lt value again, page-15
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Last
$5.08 |
Change
0.110(2.21%) |
Mkt cap ! $3.846B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.16 | $5.00 | $31.37M | 5.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13342 | $5.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 503 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |