trading halt, page-23

Newbie gold miners tend to have plant teething problems due to a rush to cheaply get into production without experienced managers. This usually means buying cheap processing plant and trial & error rather than training based on experience.

IGR has only 11 employees( see Google Finance) and a mining contractor which further complicates issues such as training, maintenance and quality control.

With lowering grade, higher throughput is required to maintain ozs poured
so this time the cone crusher seems to have been the weakest link.

There are now 2 downgrades for the June qtr in a space of 7 weeks and the market is likely to remain skeptical about IGR's ability to meet targets until it demonstrates that it has done so. The main issue now is credability.

With kind regards
Moorookamick