To buy a working mine (only 50kms away) with 2Mtpa mill capacity, stacks of other plant, modern accomodation for 400 staff, airstrip, power plant, water, pipelines (gas?), etc etc for 17.5million and have all the work done incl. environmental hassles is an absolute bargain. As IVA state: its saved them $100m. But just as importantly it has brought fwd the start date for production of IVA metals by at least 12 if not 20 months!! Absolute bargain imo.
IVA Price at posting:
$3.37 Sentiment: Buy Disclosure: Held
