long shot 100 to 1, page-8

LSM,

I'm the same with you on the POG,however we could get a bit of a correction once we hit the magical $1000.

The state of the share market is definitely holding back the SP and perversely even if the POG falls somewhat if we get a rally in world markets soon then maybe IGR will move up.

I spoke to Peter Ironside just a few hours ago and he agreed that we are undervalued but really we need to find hopefully another say 400k ounces on top of the 600k(120k@yr at 5yr mine life)we already have and then we can start looking at a SP of somewhere between $1 to $1-50 depending on the POG.With IGR's aggressive exploration program this is very achievable.Lets hope for some good news flow over the few months.

CC was presenting on Rottnest Island for some institutional investors organised by Euroz Securities.Probably nothing will come out of it straight away but when then market turns and they want to start putting some money into companies then its this exposure that will see bigger money come on board.

Cheers
Tigerpen8






Tigerpen8