a bit of stirring at the station

The Paydirt Gold Conference is being held.

I see there's a bit of serious looking buying interest developing in IGR.

Plenty of drilling results are in the pipelne while IGR is moving ahead inexorably towards anticipated low cost gold production.

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"The Randalls Gold Project development is only the second integrated mining and processing gold mine development based on a new gold discovery in Australia in the past 10 years. With Phase 1 base case production forecast at 75,000 ounces per year, the Randalls Gold Project has the potential to generate approximately $50 milion of operating profit per year at current gold prices, positioning it to rival or exceed the profitability of any other domestic Australian gold miner with the exception of Newcrest Mining Limited.

The Randalls Gold Project is located some 60 kilometres southeast of Kalgoorlie and will commence Phase 1 mining of two open pits at an average grade of 3.1 g/t gold. The capital cost for project development has been estimated to be $64 million (see ASX announcement 30 July 2009). The project development is fully funded."

From March 8 ASX announcement.

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As we know, the project is expected by IGR to become much bigger than just phase 1.