I think the market is completely discounting anything outiside of the randals project,(ie Adiss & Majestic deposit), with a fully funded exploration budjet and cash flow it should be a very solid year for IGR.
Along with -
IGR should suprise with significant resource upside at Majestic, Coc Eyed Bob & Santa.
With the second ball mill installed and running at full production (soon) cost per ounce should reduce and also further suprises from thee stockpiles may come through.
I beleive the market is now discounting any exploration sucess or any of the upside mentioned above.
I would have throught at this price some of the larger investors would have to have their rulers out on the balance sheets and having a good look at the asset as this now is a cheap long life gold asset, that is actually producing solid monthly and as we will son find yearly gold output.
Long term holder and buyer at todays price.
INVESTORS - Look through the noise that uniformed investors post on this site, there is plenty of very good and free analysis on this company (IGR website)- do some homework and make your own choice.
IGR Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held