Inevitably there will be some traders taking quick profits on this run up from around 50c.A nice 20% gain in a about a week or less but once the're out of the way the SP will march on upwards as the fundamentals dictate that its still undervalued.
A bounce off the old resistance at 56c would be good as this would confirm the upward break.But it might just hover around +-60c for a few days before moving up.From here its next stop maybe 75-80c.
As far as production goes thats probably only about 1yr away,maybe 1st or 2nd qtr 2009 not 2 years.Management's timing with their strategy has been 1st class to date and I have no doubt this will continue.
Tigerpen8
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
