gold up, page-7

I don't regard IGR as a spec stock.

IGR have quality, high grade, well drilled open pittable gold reserves and resources that offer superior profit margins in Australia because of the grade.

Even if IGR did not find one more ounce of gold, which of course is absurd, based on all the information in the public domain IGR will make excellent profits from its future gold mining,.

I consider a gold spec is a junior with leases and is looking for gold in them, or a gold junior with gold reserves and resources that are not good enough to develop into a gold mine, and so it needs to find more gold to have any chance of moving into production.

If someone is going to suggest future gold price moves make IGR a spec stock, then on that basis you can also argue that Australia's number one resource company, BHP is a spec stock because its profitability is subject to future commodity prices.

In fact, you can go even further and argue that every stock is a spec stock. Eg a retailer like MYR which relies on economic growth for its profitability.

So in conclusion, though its share price will be volatile, I do not regard IGR as a spec stock.