very happy with performance

IGR has not exactly set the world on fire in terms of SP action since i first mentioned it however I am very happy with its performance so far when compared to the rest of the gold sector.

Lets take a look at some casualties:

- CRS
- GLN
- TAM
- BSG to some extent
- LEG
- GTM
- RNG
- EQI

in fact im finding it hard to find a gold stock that isnt currently in a downward trend.

In the face of this, IGR has performed well, but that may be due to its already low market cap, relative to its peers. Hopefully by end of CY 05 we will have a 1-1.5 mill oz resource base comprised of several open pit deposits which can all be mined economically through a single mill...thats the target anyway. People laugh at the low grade...ill be laughing back at them eventually imo.

For the record this is my ONLY gold stock and i have no time for the yellow shiny stuff these days (A different story back when it was 250!) and think the POG is going nowhere fast (500US max imo) and the conspiracy theorists can have their fun arguing about economic doom and 4 figure gold prices.

Cdchi1