SIR IGO EVN

In $US (and rough figures) IGO is getting about $3.5B+ worth of...

  1. HCGhost
    12,839 Posts.
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    25/05/15
    11:18
    Post #: 15343755
    In $US (and rough figures)

    IGO is getting about $3.5B+ worth of metal in reserve and resource inventory over and above metal subtracted to be consumed as opex for a bit less than $2B in scrip and cash.

    EVN is getting a similar $3B worth of metal in reserve and resource inventory above AISC and paying $550m in cold hard presidential paper.

    Not madness at all for EVN, and good for both IGO and SIR, as it is mostly scrip, so more of a merge really, with synergies and diversification that make a lot of sense.

    Both metals are at cyclic lows. Time to shop.
    IGO Price at posting: $5.41 Sentiment: None Disclosure: Not Held
    SIR Price at posting: $3.90 Sentiment: None Disclosure: Not Held
    EVN Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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