Interesting to see how few IGR investors appear to really believe we are going to have a serious bull market in gold.
Because if anyone did, on the assumption that IGR's gold production is as anticipated, one would know that just a 10 bagger IGR at $1.00 would be leaving nearly all the profits in IGR for others.
The 1980 January spike high in gold, correctly adjusted for inflation is over US$6000 today (shadowstats.com)
Now consider what the IGR sdhare price would be at just US$2000? Only $1.00?
By the way, IGR could be in for an interesting day if the pre open bids are anything to go by.
IGR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held