IGR integra mining limited
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suzke888,I don't invest in gold companies, because the present...

  1. BH!
    2,521 Posts.
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    11/03/09
    23:25
    Post #: 4892890
    suzke888,

    I don't invest in gold companies, because the present gold price is $A1,400. The market doesn't care about $A1,400.

    They might care a lot about $A2,000. I believe gold will be at or above that price by the time IGR gets into production in June 2010 (at the earliest).

    If I have to sit out a 12 month wait until the first ounce is produced, knowing that my investment upside is limited by a hedge...well, I'm sorry - that's not why I'm invested in gold shares and IGR won't be getting any more of my money.

    IGR Price at posting: 18.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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