Ann: Second Quarter Activities and Cashflow Repor, page-12

re: Ann: Second Quarter Activities and Cashfl... It looks that IGR will debt finance the mine and Debt financing = hedging . That is a fact of life.
I would prefer to see some equity financing in the mix but each has its drawbacks. I would like to see IGR selling gold on the spot market but if debt is used we wont have that ability at least for a while.
More equity = dilution but it maintains exposure to spot gold price.

It would be a great shame to be selling Au at A$900 if spot was where it is today or higher.

Maybe IGR will not have too many choices if it wants to lock in funding this year.