Thanks mink.
what a response.
Base don your response..I went over your suggestions of "nothing" and came up with the same conclusion.
I dont hold...but i have to admit..whoever is holding tonight will probably open 20% higher tomorrow.
How much GOLD do you think they have?
I have seen suggestions of 1 million ounces.
I divided that by 10 to take out the hype.
I then halved it again for production costs.
With GOLD at $900 per ounce...IIG worth of this project would be absolute minimum $45 million based on 100 hundred thousand ounces....asumming 10% of the predicted 1 million ounces and assuming $450 per ounce production costs which is probably to high.
I think IIg will crack 4.5 again tomorrow. i will take a position on open and hold this one. %166 per cent in day is a great return....but like FDL on DAY 2.....we will probably see it run a faie bit further.
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