Separately.
I see IGO enacting JV's to pursue exploration. I think it makes good sense:on the last point
- To get the hard work of exploration done cost effectively via it's minons.
- Preserve capital to either go the Ni to MSP route or for the third Li refinery.
- Chis Ellison form MIN is pushing the govt to throw in money for Li refiners to compete with the US and others incentives. It behoves IGO to stay mum.
- IGO's slowing down of Odysseus to right size it encourages exploration spent to build the bottom of the pyramid ( grass roots expl'n).
Just saying (trying to say) what I think IGO won't. For me it's in buy territory now. For all the reasons above.
All IMVHO.
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