IGO bought SIR for $2.5B and made a fortune on it (over $3B revenue already)
IGO bought WSA recently for $1,200M and whilst theyve written it down & shuttered both cosmos and FFox Mines & MILLS, in the LT these assets will become a mainstay NI production for them.
Also NP boomed last night UP 4.6% to 8.43
So at this NP, IGO can restart both FF & Cosmos again as they shuttered them when NP went below 8.00 but now its gone above that to prior profitable operating levels.
Also note no more discussion about shuttering Nova Ni Mine either.
IGO should bid for PAN for $200M from the administrator and then bid for POS for $100M imho
This will make IGO the largest Ni producer & Ni JORC in Oz beating BHP.
Li already done its 10,000% price spike up
But it is Ni that has lagged way way behind despite in more demand than Li.
an NCM811 battery has 80% Ni in it and 2% Li buddy. Add it up.
IGO sitting pretty cheap and the Macquarie boyz are going to ramp this back to market price soon imho
Just like they did with SIR & WSA for a decade before and both biddees are now part of IGO.
IGO SP should be 14.00 imho.
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