gold up $29au, page-15

The bootom line is IGR will be very profitable for some years.The hedge price is good and will only last a short term lots of years to take advantage of high gold prices assuming the POG holds up and most suggest it will.The hedge price is higher than was budgeted for in BFS.

I look forward to more news about Maxwells and a resource upgrade towards the end of the year.

IGR have done everything right so far as we have all said many times its just a waiting game till we pour gold.The price is not where we want it to be but there are factors outside if IGR control affecting this.