I dont have all the answers to your questions; go send them to peter Ironside and i hope he has your answers. What i do know, because it is in the same Qrt report you mentioned is that, and i quote; "Included in the current quarter costs above is approximately $10 million of development and production costs have been capitalised due to pre-strip of Maxwells and increasing Maxwells and Salt Creek ore stockpiles."
They told us they wanted to use their cash to grow, the investment in SAU is part of that I suppose. Anyways, I am confidend in the skills of the management and pleased with their ambition to make IGR into a longterm profitable goldmine. I am more then happy to wait for that.
Cheers
IGR Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held