2 Independent valuations, will not value IGC on $2000 Platinum price . They will nominate a long term average base price in their calculations . We have had many HC valuations over the months, wth many well over $1 . The project is still at the drill and JORC stage so forget the spike - work on the fact that NKP/Xstrata want the project streamlined into one consortium .
Personally, I reckon around 60 cents will see the deal cross the line (it's what I am working with) . Bargain time now, is more speculated fear than anything else, imo .
IGC Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held