Having 400 mill less shares on issue is in SAR's favour versus...

Having 400 mill less shares on issue is in SAR's favour versus IGR, as is its 6 months advance in Project Development timetable .

However , head grade for SAR is 1.7gpt , versus IGR at 3.1gpt. From memory , I think some of SAR resource /reserves already includes some UNDERGROUND in its grade!

Interesting to look at the respective Charts of SAR and IGR .
SAR fell/rose/fell = stagnated at between 15c and 25c between March and September 2009, when it had a Resource / Reserve upgrade in conjunction with the commencement of the Project Development and started its climb.
IGR rose /fell = stagnated at between 20c -36c -28c between May 2009 and Jan 2010 and its interesting to note IGR had its last and latest Resource/Reserve upgrade in June 08.

Whether the drilling since June 08 constitutes the type that can be applied to a further JORC Resource , I don't know --but there has been plenty of drilling!

Many other similiarities in the respective SAR and IGR development timeframes ---and the potential to add additional"discoveries" to their respective gold inventories . The big factor for IGR remains the grade , and has far more of the unknown factor underground .

Suffice to say SAR is timewise ,has been in the "sweet spot", where most companies going into production have their second price run ( one good reason the RATS WITH GOLD TEETH switched allegiance !!!!)
Is that "timeframe" about to occur with IGR????? .Worth watching developments with RMS/AVO/DIO late JAN/FEB , and watching announcements with IGR between now and when they have to pour the concrete pads for the plant ( March??).
IMO , there are still many chapters to be written in the EASTERN WA GOLDFIELDS 2010 development book .
cheers