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1,756 Posts.
164
10/04/09
05:21
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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
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