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0.00% 50.0¢ integra mining limited

'''for someone so bullish about the future price of gold...

  1. Trireme
    548 Posts.
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    26/03/10
    17:23
    Post #: 6503558

    '''for someone so bullish about the future price of gold siameseparrot why are you looking on this so favourable? $3m could have paid for some extra drilling or capex'''

    Because just thinking that the gold price will go higher has nothing to do with reality. They are positive on gold LONG TERM.

    They have bought some insurance in case the price of gold falls during the initial stages of production. They are minimising the risks, and that doesnt come free.
    IGR Price at posting: 25.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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