Speculation mounts re Sirius' Independence, page-233

Tomboy,

You"ll only get this from me once, but you talk absolute nonsense.

I, as a long term IGO holder, am peeved with IGO management for spending so much for SIR. However it is not about a 1.5 mmtpa mill as you well know, it is about circa 300,000 tonnes of high margin nickel. For your love toy POS to go into production they are looking for a PON of USD6.50. At that price SIR/IGO will be making so much money that even I will forgive IGO management for the purchase price.

As for your nonsense about massive cash burn, IGO has a fairly large and robust cash flow from Tropicana' such that the Nova project debt is quite modest, not to mention the cashflow from Long which has margins your POS or MBN could never dream of. So much so that even if Nova turned to Pb the banks would still be laughing.

Seen your mindless ramping of POS and MBN ( which simply shows your agenda here). Well such well connected people yet not able to create any shareholder wealth in a decade of much higher nickel prices. Well I'll bet on the high grades of the mines and the operational skill that IGO has demonstrated over that decade, over supposed smart people, whom you think so important to follow.

You speak nonsense, and we can know that it is not honest opinion as what you post here and what you post on POS and MBN depend on contradictory views on the pon outlook.

If it was me, I'd be running from all low margin miners. Nova might not justify the IGO purchase price, but it will be mines like Nova, Long and Spotted Quoll that will survive, really not sure about much else in the Australian or ASX nickel space.

Good luck with your dogs.

EL