Hi karmalocust & braveheart, Most of the vital info which will be in the Mar qtr statement has been already supplied to the market (a) Production of gold to end of Feb = 25,568 ozs (b) Production of gold to 31st Dec = 15,587 ozs (c) Therefore production of gold Jan-Feb= 9,981 ozs (d) Production of gold March = 7,614 ozs (e) Therefore production of gold Mar qtr =17,595 ozs
March first month in full production was = 7,614 ozs annualised(x12)=91,368 ozs This meets IGR target of 90K ozs p/a
Suppose they sold their qtrs gold then that would be about $24 mil of which $14.6 mil should be profit
If exploration etc has already been met by cap raise
Then cash in bank should be $13 mil @ 31 dec + $14.6 mil = $5 mil to cash from cap raise totals:- $32.6 mil cash.( guesstimate, could + or - 10%)
Surprises could be a further reduction in cost, more resource discoveries or higher production forecast.
What do you think?
Cheers Moorookamick
IGR Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held