Perhaps IGR is difficult to understand...Back in December 2010,...

Perhaps IGR is difficult to understand...

Back in December 2010, AUD gold was around AUD 1400-1450
Igr was peaking at .73 cents.

Since then we have become a low cost producer of around 100,000 oz pa and have made significant additional gold discoveries.

Now AUD gold is AUD 1575 and IGR is 48.5 cents

True we have had a capital raising at .49 cents

True the overall market is weak

but somehow it doesn't equate for an SP of .485 cents???

What am I missing here?

Angers