gold, page-15

I personally believe the story: seller needs cash for a quick fix elsewhere, it makes sense, but I think there are a number of sellers. IGR has hit a very boring phase of compiling data for the resource estimate...there's no fresh news to be had, SC deeps are a thumbs down (for the moment), Mohegan (had some good sniffs) did not ignite and the talk is that Red Dale is far from providing the goods at this early stage (it takes time, so more drilling required). All we have left to light the IGR fire is the resource upgrade and that's some weeks away. Hence, not suprised to see the sp slide a bit.

We will bounce back, but that won't probably be until the resource upgrade catches the market off guard.

Completely off track from the above conversation is the movement in AVO. They're hitting production as I type and this is helping the sp dramatically, it only makes me wonder where IGR will be when we do the same thing - I hope we do, but unfortunately that doesn't seem to be the plan.

SC could be a very good buy/fit for AVO one would think, if sc grew to >500k oz of open pit material. AVO could then spin off the rest of the assets - just a thought, that's all!