IGR's SP did not track the POG upwards so it will likely not track the POG downwards unless gold dramatically drops.
Even at $1500/oz IGR has over $900/oz profit and with increasing production, increasing reserves and UG coming on stream later in 2012, IGR's prospects are improving.
Most respected gold forecasters have predicted an easing of the POG for late 2011/early 2012 and a pick-up in the second half due the inflationary effects of QE predicted for he USA, Eurozone & the UK in the first half of 2012.
Cheers Moorookamick
IGR Price at posting:
51.5¢ Sentiment: LT Buy Disclosure: Held
