IGR
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0.00% 50.0¢ integra mining limited

"I've been in for 5yrs and am fond of the coy, but cash at qtr...

  1. rowingboat
    3,368 Posts.
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    28/10/11
    08:08
    Post #: 9204342
    "I've been in for 5yrs and am fond of the coy, but cash at qtr end is down ~$9m?"


    The company lacks scale.... $4.9m net operating cash flow is insufficient to fund investments for future growth and pay down debt. Underground mining hasn't started yet.

    And remember they're high-grading production this year.... 3.42 g/t head grade in the quarter versus 2.5 g/t reserve grade at June 30.


    Rowingboat
    IGR Price at posting: 52.5¢ Sentiment: Hold Disclosure: Not Held
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