IGC is being priced with something else in mind as well .... With the further drilling increasing the resource it is no longer an initial resource but on the way to attaining target minerization of 100 million ounces .
The presenter at NKP spoke in general market terms only and if corporate expectation comes into play the general market is not relevent imo . Every major platinum player knows this region and expecting to pay $5 per oz inground is fantasy in a takeover scenario . Above $50 per oz minimum and it is still cheap at that considerng Platinum is selling for $2150 per oz and some predators have likely already got mining infrastructure in place now .
IGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held