Sorry sheepwash. Will be holding for a while longer. So no immediate SP rally!!
The market seems to be waiting for commencement and confirmation that underground mining can be done successfully. Whilst it may be seen as a risk and as yet unproven I am backing IGR to come through with flying colours.
So far Integra has acheived everything management has said it would do on time and on budget. They are totally upfront and transparent on cash costs etc. Also, ore mined to date is 107% of the ore reserve model so you get the feeling that management will always be conservative in what they say they can/will achieve.
If IGR reckon they can mine xx ozs from underground for xx costs for xx many years I see no reason to doubt them.
At risk of repeating myself, IGR sub 50 cents is a great entry point for newbies and good top-up opportunity for holders. Fair value will prevail.....eventually.
Sorry sheepwash. Will be holding for a while longer. So no...
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