I share your concern. Now would be a perfect time for IGO to make a bid, before the company reports the fourth quarter production. It will also be before the company quantifies the increase in reserves at the Savannah Extension and the results of its logging program below the 900 fault and other sites.
In IGO mind the question would be how to bring production forward.
Supposedly the mill can handle 1.5 million tonne per year. Think what an increase of 50% in production will do to NPV.
In the company's defence it has published its after tax NPV based on resources as of September 2022, which was 33 cents per share. Our only hope of realizing some of the upside would be if a white knight steps in.
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