Ledge formed at 13.90-14.10
Market thinks the Noiva mine wil be back online soon
Yet market doesnt seem to realise NP is UP 50% in 2 months & that the WSA flying fox mine at higher grades than Nova is pumping and making a fortune with mass revenue & EBITDA from that incoming.
With both Nova & FF onstream and producing at NP of aud$43,000 pT, IGO will be making a fortune of FCF at high margins from Nickel alone.
on my maths thats $2.2Bpa revenue and EBITDA/FCF of $1B pa from the nickel mines alone
thats a very low PER of 6.00
remember WSA PER was 39.00, so IGO is 600% cheaper than WSA was!
WOW.
Soon market realises that this is now Super IGO and NP LiP & its FCF are BOOMING.
$1,000Mpa EBITDA from Ni operations alone imho. WOW.
IGO Price at posting:
$13.98 Sentiment: Hold Disclosure: Not Held
