yeah, I wouldn't rule out equity just yet... if the resource and reserve updates are impressive and the CEB trial outcomes are favourable, all to be announced in the September quarter, and gold pushes $2000 again... then a raising at a higher share price may be better provided no steep discount.
I thought I read that the high grade Maxwell's ore would begin to be processed from June. I doubt the underground ore will be sufficient to maintain grades this year because the mined ore tonnages are so low, at least initially.
As for capitalised development expenditure, I wish the company detailed how this was spent last quarter... between Maxwells, CEB underground and Salt Creek. I suspect it was mainly Maxwells.
My reading of the situation is the company will announce a plant expansion soon after the new reserve update... to process that stockpile and lower grade ore in reserve, from expanded Salt Creek pit etc.
IGR Price at posting:
58.5¢ Sentiment: Hold Disclosure: Not Held
