"I still think that there is too much gold in the ground for this to be called a dog yet but I sure wish NCM or someone would take it..."
My comments:
In case readers hadn't noticed the share price of our sector leader, NCM, has fallen from over $36.00 in February to $22.60 today.
We have an utterly crap, irrational market pricing for gold equities at present imo.
Now don't try and convince me that in a bullish market for gold equities IGR would not be much, much, much higher.
IGR's 26th. June presentation indicated "Reserves of 6Mt @2.5g/t for 480Koz Au from four open pits and growing" and "Resources of 30Mt @2.6g/t for 2.5Moz Au and growing."
That's about $4.5 billion worth of gold.
Anyone carefully reading IGR's exploration announcements should be able to work out that IGR is in the process of proving up seriously significant discoveries imo.
Sure. I don't like the dilution. But I won't be diluted. I'll be topping up my holdings on market, buying from sellers who I suspect will be selling out based on emotion.
IGR Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
