thanks your response mal85i think igr's current cash flow might...

thanks your response mal85

i think igr's current cash flow might be to do with that they have just started up and also that they have an enormous amount of drilling to do to prove up their reserves (from memory only 0.3m.oz's)

the more i look at different gold stocks and analysts approaches the more i become confused. i guess no two gold mines are the same. the cost of drilling a metre and the extent of drilling required at one mine might be quite different to that at another mine.

likewise taking different mines with ore containing the same % gold - costs of production might be totally different from one mine to the other. to have some conversation with the company is probably the best way to gain more detailed understaning.

finally a good knowledge of current world economics as they affect the sector, and current market sentiment is just as important as all of the other.

thats why i am holding off purchasing for the moment.

gk.