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
FedX,With single mine producers such as IGO I wouldn't project...
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Last
$5.64 |
Change
-0.230(3.92%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.64 | $26.26M | 4.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28870 | $5.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.65 | 27843 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IGO (ASX) Chart |