No news means that IGR is on target to produce90K ozs of gold to...

No news means that IGR is on target to produce
90K ozs of gold to next March.

If we examine the March Qtr reports we find:

(a) March first month of full production
(b) That profit for March was $7.4 mil

Now lets annualise March & calculate EPS:-

= $7.4 mil x 12 Devided by 841 mil (no of shares)

= 10.56 cents per share earnings.

Now multiply this by a conservative forward multiple
of 10 (PE:10) and you have it:

$1.05 per share.

So at this stage, no news is good news!

Moorookamick

PS: At this phase of development a 6-8 year mine life
is good.The ramp-up of drilling ought double resource
within the next 18 months. mm.