IGO has NO DEBT + $276M cash at bank with Greenbushes Li and 3 Ni MILLS & MINES at cosmos FF Nova
FF & Cosmos are future earners & Nova keeps on producing way past its use by date
"30 Apr 2024 — Net cash on hand at the end of the Quarter was $275.7M, in line with $276.4M at 31 December 2023, together with undrawn credit facilities of .."
IGO will be hunting around next 6-12 months looking for new Li & NI mines & MILLS as its cash build increases by $150M pa.
And PAN POS are both options now for acquisitions with PAN in administration and the prior bid by IGO in 2019 at 47c ps now 3.5c ps so way cheaper & POS just had a bid for its LJ project by MINRES terminated at a paltry $15M cash.
If IGO is serious about Ni production it should now add to its roster for future production while its dirt cheap imho.
IGO should be at 14.00 imho.
New all time high, page-416
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