valuation, page-81

Taking a look at the IGR chart, and I don't know exactly when tney transitioned into production, but from what I can see, if you had invested on confirmed uptrend in july 2010 it would have continued until October, higher still after dip in Jan 2011, and corrected and rangebound until now.

This does not look like a stock that has gone nowhere to me, it looks to me that they are priced fairly well and have had a pretty good couple of years.

This particular company has a very nice support and fairly well established resistance.

It is very hard to relate this company to RED at this time since REd is not a producer and it's shares are based on an explorer planning production. I have no doubt that a boost upon initial production is warrented, but I don't think the price is going to sky rocket into infinity.

With IGR you have from bottom to peak about 105% and now hovering between 80-100%. Again, this is not a company that has gone nowhere.