Gee, its frustrating to read what some people post on IGR. Whilst I don't profess to be all wisedom, I do understand what CC at IGR is doing.
I think that he has hardly pt a foot wrong. In hind site they should have raised more equity when price was higher in 2007/8, but it eaasy to look back from where we are now.
I am sure that IGR have considerable information to release to the market over coming weeks as they have had a huge driling result over the summer. Hopefully these should shed light on another Salt Creek, etc.
As far as publicity is concerned, CC is excellent at it. He has crossed the country many times over the past few years. I saw him put together a preso only an hour or so before he had to present it. Done in no time and very professionally. I have had the privilege of meeting him on at least 8 occasions.
I don't think we will see Avoca move in coming weeks as they have their hands full with Dioro. They would also not want to truck ore over 60km to the Daisy xxx mill at Dioro from Maxwells and 45km from SC. They need another mill to handle the large orebody at Randells/Aldiss. There are huge tracts of the IGR permit that have had gold shows in the past that have had no serious recent exploration.
Its more importantant that they firm up their production area orebodies as they are doing to match the availability of their processing plant.(Which is being done by a contractor with the new IGR Ops Director working with the contractor and in time their mining contractor as well. CC still has a focussed exploration team working on their tenements.
POG looks like sagging from a technical perspective in coming weeks, but its the lull before the storm. POG to rocket up in US$ whilst A$ drops, give goldies a huge SP boost.
Sold part of my large PNA holding today to cash up for more IGR if weakness continues. (PNA won't triple in price in 2010, but IGR just might!!!
DYOR.
IGR Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
