ICG $8 - $10 the shareYes, no doubt ELD or ABX or GG or NEM would like to take out ICG at $0.80 the share but a funny thing happened to me yesterday. I offered the local Bentley dealer 100G for Bentley's latest offering and he had the audacity to laugh in my face . . . !
Naturally, he knew he could get a multiple of that for the car. And so do we know what ICG will fetch, especially if there is a bidding war and the POG cooperates as per the prognostications of the Bo Polnys of the world. He well could be right.
One thing is for sure. Gold is going up, whether it takes a week, a month, a year or ten years. It is going up as the world's currencies crumble and rot.
A company like ICG knows what it has and should it do a JV or sale or work the mines themselves, this share is worth 10 to 20 times eighty cents.