Hi Zug,I think the whole gold sector is unjustifiably in the...

Hi Zug,

I think the whole gold sector is unjustifiably in the pits. Several months ago I'd have sold everything to buy IGR for 45c. But now things are different relative to other opportunities gold-related. For example, Chris Cairns told me recently IGR needs ~$80m to construct their mine. To put that into context, the EV's of TRY and MUN are <$80m. So if I had a spare $80m, would I prefer to pay for IGR's mine construction to own ~33% of the company, or purchase 100% of either TRY or MUN instead, which are already producing gold with heaps of growth potential to boot? I'd rather buy junior producers that are generating cash flow ahead of developers needing significant external capital in the months and years ahead.

Rowingboat.