OK so after a lot of re-reading of ANNs I think it needs to be pointed out that talk of a resource upgrade of only 400k oz is ridiculous.
If your broker is telling you this then you need a new one. They have not done their research and frankly do not know what they are talking about. Its also means you have not done yours. Why trust your money with someone who is not doing their research decently?
My take on it is IGRs exploration target of 580-1.3 million ozs is based just on Maxwells, not CEB or Santa Fe. Since this exploration target was released we have had significant hits on Santa, CEB and of course Maxwells. We are noew looking at potentially three underground mines. Yes THREE!
As well as that we now have Majestic to add into the equation. Now you do the math???
KL
IGR Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held