Excellent announcement by IGR in view of the constraints placed on them by the banks.
IGR have guaranteed a minimum of A$1,236/A$1,237 for 70% of their first two quarter's gold production PLUS importantly 100% exposure to the upside for this gold production.
This is particularly important if gold explodes in price, and particularly important for investors who want a position in IGR because of their bullish views on gold and their belief that IGR will deliver the gold goods.
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