On the face of it IGR $73M cash-Good $55M finance available including $10M "contingencies" -Sustainable Are a producer now=good Gold mineralisation is extraordinarily high-the extent of it the question )including visible gold in core samples). Commercial gold mining is possible at low levels eg 1g/t (depending on costs eg in central asia at 3g/t the cost per tone is expected to be around $US29) Has very promising other sites yet to come on line in the same geography-i.e limited extra transport, processing costs. Appears the processing plant may be a little limited in capacity (is a future thing) At current prices profit of ~$A800 per oz Not familiar with their management. Has been a sustained rise over the last 6 months or so AS with all gold, the dollar etc will have an impact Not much info but implications that copper and zinc are present in minable concentrations-useful "byproduct"
IGR Price at posting:
59.0¢ Sentiment: None Disclosure: Not Held