Thanks Mulgoa IGO has $110m in cash at end March, just enough to pay for SBM's base metals tenement (my pie-in-the-sky valuation for this asset). See slide 4 of presentation. http://www.asx.com.au/asxpdf/20150507/pdf/42ydq4tk5brkxq.pdf Have a look at the ASIC of Tropicana - only AUD780/ounce. Pity they only own 30% of this monster. loki
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