IGR integra mining limited

when will i listen?, page-32

  1. 1,084 Posts.
    cwamit you are right its what we get out of the ground that matters,I doubt sophisticated investors get too excited about resource upgrades,average punters do.3 years ago IGr had 2.2 million ozs and that was stated in all the announcements IGR put out.When it came down to a bankable feasibility which is what they can get out of the ground at what cost we found only about 25% of that is economical and feasible to extract.Now they have to prove what is there.
    IGR now say we have 1.8 m ozs,what does that mean?How much of this is feasible to get out of the ground?
    I am looking forard to some solid information on our underground mines,Maxwells,Santa etc.
    Lond way to go for IGR before the sophisticated part of the market wants more of us.It is very positive that Baker Steel have become a major shareholder.Their directors have a lot of mining experience and you would think they have done their homework.My advice is tread careful before we ramp this stock too much,I have done that in the past and hopefully will be able to do it again but only based on solid facts not all the nonsense like "walls lined with gold"
 
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