IGC international goldfields limited..
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Platinum trending upwards lately. Reached 1200 USD/ounce today...

  1. Sellier
    1,779 Posts.
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    10/04/09
    05:21
    Post #: 5002431
    Platinum trending upwards lately. Reached 1200 USD/ounce today so that should bode well for IGC and their 15% stake in the Platinum assets.

    The valuation of around 60M$ was done when platinum prices were as low as 900 USD/ ounce so I wonder what their 15% stake would be worth now ?!

    Imho, 80M$ would be a fair guess at current prices.

    Anyway, I'll be happy with the 40c T/O by NKP and things are looking positive for that to happen sometime soon.

    Good luck.

    Cheers


    IGC Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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