Just as an amateur watching these guys a long time, I am guessing the sector leader in silver (no, not SLW lol) will be a consolidator and take this out while it's still cheap. $16 silver is NOT what it will cost in the future.
IAG sold Rio Alto the awesome La Arena project that built Rio Alto into a $1B company being bought out by Tahoe. Today, Rio Alto a junior with almost nothing 6 years ago has been a 20 bagger and trades at steep premium to IAG. Have to research whether that was under Conway or Letscwhinn 's watch just for chits and giggles.
The niobec mine is long life. Like half a century or more. They don't have to ever expand there. They did a study a few years back they could mine it 4x the current rate if they spent a fortune. Niobec is the best thing going for iag now, so Letlose will probably sell it for 15 cents on the dollar for his next shrewd move. Lol
I've been saying this value destroying clown needs to go for over 2 years. They could have spun off Niobec a couple years ago for $3 a share. It's a great asset. The NPV on a major expansion is 3x current IAG value! Can you imagine the dry powder IAG would have to scoop up great assets now at fire sale prices had they not blown their wad on 1g moose pasture?!? This company once had the strongest balance sheet of ANY gold miner. It's hard to argue there has been a worse mgmt team and there is plenty competition in that space!