IGR brings the Maxwells deposit, presently being mined and are now into the high grade, 4 gt ore body. And silver credits which like at Salt Creek pay for all mint refining costs plus a profit.
The Majestic deposit is permitted and approved, and pit development plans done. That's some big hurdles and costs already completed and paid for. And in a one on one meeting with CC earlier in the year, he told me silver credits would be quite a bit higher at Majestic than the other two mines. Then we have Imperial which will be another mine, still open on strike. And the newer Majestic West extension, still open strike. And a few months ago I saw a little blurb in a presentation that mentioned Majestic Deeps. Wish I knew more what that was about. Further, NCM, with a 15% stake, are required to fund 15% of all costs immediately when final mining decision is approved.
Don't forget Salt Creek is likely to be extended. Lucky Bay, presently 25,000 oz, but possibly larger. Importantly, it is quite high grade and shallow, so cheap to mine and process.
All the Rubicon acreage around Salt Creek, Queen LaPage etc. Red Dale is very high grade but significant mining problems due to water. Which someone may be able to engineer around.
And Aldiss. Who knows what that might kick in. Plus, Plus Plus other blue sky. So I think IGR bring a lt to the table right away. Up to SLR to monetize it, which has't been done yet.
Of course as an IGR holder, I would like a better deal, but I figure long term this is it. So I look forward, not back. You'll never get ahead regretting what might have been. I think 1 + 1 = 3 is spot on.
Four biggest words in the Losers Dictionary
1. If
2. Should've
3. Would've
4. Could've
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