There is a big carrot which IGO must swallow if they want to...

There is a big carrot which IGO must swallow if they want to progress their ambitions to build a downstream plant for the nickel concentrate, and that is whether WSA signs an offtake with BHP or not.

I guess WSA could sign a short term offtake, but their recent presentations talk of potential LOM offtakes. Surely this is a ploy to flush out a higher price?

So IGO needs to pay enough to allow WSA to sign a short term offtake, rather than lock it away for a long time, or LOM.

And the added sweetener with buying WSA is that they already have ~20% of PAN which has just started producing again, and have a 5 year offtake with Trafigura ending on Feb 2028.

Ahhh but you knew that already....

Looking forward to the AGM today for WSA.