all that glitter is gold., page-9

I thought it was a good presentation too. Most of their costs are based on worst case scenario, for example the gold cost used when calculating their profit margins (current price is much higher), electricity costs are based on day time rates, when most of the power used will occur at night when the lower tarriff applies.

There is also a lot of potential gold waiting to be firmed up by further drilling and results, to be added to the resource.

I'm still very confident that IGR is going to deliver for us over the next few years....