re: Ann: Tropicana - Resource Increased to 5 ...
Jg,
Gold nudging 900, lets hope these gains not reversed Monday.
Although pon also up, LME nickel stocks resumed the rise, presumably the seasonal inflow beginning. I however doubt the closures have yet impacted the flows into LME warehouses.
The state of nickel so confusing, however atm the market must be valuing IGO at cash plus about 6% of the inground value of the gold resource. Hard to say expensive with the gold growing and the (free) nickel still profitable.
EL
IGO Price at posting:
$2.14 Sentiment: LT Buy Disclosure: Held
