$17.5 mil business expansion jun-dec.

Surely this is a more appropriate heading than "$17.5 mil cash burn jun-dec?" which seems to imply money has been wasted/lost and that IGR is operating at a loss.

From what I have read here it seems some folks persistently post misguided at best negatives about IGR which have all proven to be wrong.

It seems to me some folks don't understand what rapid expansion by a gold miner involves.

It involves using cash generated from gold mining for exploration. $10.75 million was spent by IGR in the 6 months to 31st. December 2011.

It can also involve increasing ore stockpiles to be used at a later date, providing production flexibility, such as $10 million of development and production costs for the December quarter increasing the Maxwells and Salt Creek ore stockpiles.

And of course IGR has repaid $10 million of borrowed money in the 6 months ending 31st. December. Guess if IGR hadn't repaid that borrowed money the downramping thread title "$17.5 mil cash burn jun-dec?" would have been "$7.5 mil cash burn jun-dec?" lol rofl