Nolly, your 2 million went toward Admin, Salaries and bonus. Our 2 mil a month went toward mine development drilling on Majestic, Lucky Bay, Fly Camp etc. Pre-mining drilling is usually done on a 20 X 20 metre basis. Lot's of drilling. And we know exploration drilling basically came to halt in Feb until recently bar some air core drilling.
SLR are presently producing 77,000 oz selling at average price of $1390.00 according to Annual Report. No average cost of production I could find. They plan to increase production to 100,000 oz.
IGR are producing 100,000 oz selling at average price of $1390.00 and a cost of $550.00.
I can't figure it out except SLR has longer mine life at present. And less shares.
IGR Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
