IGC 0.00% 33.5¢ international goldfields limited..

They said doubling the 12.4Moz in the last resource announcement...

  1. 55 Posts.
    They said doubling the 12.4Moz in the last resource announcement so 25 Moz is on the cards

    They also claimed that this represents only 10% of the anomaly so yeah I think in the long run this could be a 100Moz deposit. But more importantly the grades are very good (9-10g/t PGE)

    This will take at least another 2 years drilling though.

    I also like NKP. I think this market does not realise the significance of this project yet.

    If you translate this to iron ore term lets say "250Mt haematite@65%Fe with long term 1billion tonnes @65%Fe".

    Australian market pays too much attention to rubbish speculative stocks but lack proper analysts in areas such as platinum.

    If IGC was in London then I see it as $1+. If NKP was just listed in London I see it at $3+ by now

    Just my thoughts
 
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