poor share price, page-54

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Mason8

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18/10/22

23:40

Post #: 64266933
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Originally posted by Gainzmaster5000: ↑

my source is in a geologist who works in the nickel sector; have brushed shoulders with IGO board in both professional and expo settings - both met with the same response.

the NPV of savannah alone with associated downside potential is too small for a 10B+ company to be interested in.

let me put it in a gold mine operation equivalent.

would anglo gold Ashanti acquire anything that would produce then less than 150k-200koz a year? most likely not. unless the acquisition was part of a package which allowed them to maximise mill throughput and act as a supplementary ore body. (that's what they mean when saying unless they discovered an mineable ore body nearby: have multiple assets within a general
proximity and share one mill) this is a very common practice.

essentially a 300-600m market cap company with thin margins is not an appealing target to a multi billion dollar company.

projects need much more scale in order to be an attractive target for a company the size of IGO - make a significant impact on revenue.

Chalice, Mincor, LTR or CXO are much more suitable targets for a company of IGOs stature.

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He said/ she said is not reliable enough.

Also, how do expect us to take your view seriously about IGO not being serious about PAN’s operational and financial metrics when they attempted a failed takeover in 2019.

literally throws out your whole argument.

PAN Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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poor share price, page-54

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