fletch, while a high price of gold wont neccessarily be translated to a higher SP immediately, it will give IGR more confidence and ability to grow at break neck speeds, giving them much higher chance of hitting that 240k ounces a year.
There is ALMOST certainly a resource upgrade on the way and CC is pretty confident they have a lot more gold than their JORC states currently.
All they need is some working capital to realise this dream of growth, a high gold price in the mid term will give them the capital they need to sustain growth, and it will be this growth, not directly the POG that raises IGR's SP up.
All IMO of course. From my research there is about 4-5 goldies I like on the market atm, I hold 2, with this being by far my largest holding.
IGR Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held
