accumulation and trading, page-6

Hi Coff,

I appreciate your glass half full with respect to IGR but I have some concerns
based onlast Qtr Report:

(a) Revenue was $28.58
(b) Bottom line was ( $1.381 Mil ) loss

I realise that there were problems with weather and the crusher but I'm concerned that more info was not released to the market while these problems were happening.

Dec Qtr costs included :

(1) Production........$15.978 mil (that's over half revenue!)
(2) Development.....$7.8 mil ( I presume that's mostly UG costs)
(3) Exploration........$6.18 mil
(4) Admin................$1.924.

This burned cash at a time when the till should have been ringing.

I realise that a quarter can have abnormal costs but I'm particuluarly concerned that forecast costs fot the March Qtr (from the Dec Qtr) will be $35.15 Mil which is $5mil more than the Dec Qtr which was abnormal.

Perhaps some longterm IGR holders would like to comment.

Cheers
Moorookamick