Thanks Ghalix. 2014 for 300k makes much more sense.
And it will take $100m to build a new plant, so they will need all that cash! If they think there share price is undervalued, no way are they going to return cash, and then possibly have a capital raising.
Therefore, no dividend, no cap raising, just conserve the cash for drilling and a new plant. Simple! I actually think IGR are slightly penalised for that simplicity. Stick to their knitting, no t/o spec, no sudden finds of copper, etc. I like it!
DYOR.
IGR Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held
