If you go off there exploration spend (very ambitious and a heap...

If you go off there exploration spend (very ambitious and a heap of money) they are predicting adding 400-600k oz this year (I believe they'll do it, and maybe a little more - great exploration team lead by CC), now the cost ($16M) would equate to $26-40 and oz, not bad considering that each oz will add around $150 to the mcap or $60-90 (16-25c) - this is base case and I know they deliver (only disappointed once, a debatable cap raising for 10c - glad I took it up, so maybe not a disappointment)...and I would suspect that a major find may be just around the corner (Salt Creek the appetiser!?!).

So, IGR are looking at turning $16M into $60-90M this year - flipping nice alchemy!

IGR explorer of the year 2008/09?