Guys,IGR have 470m shares on issue (ignoring the options).At...

Guys,

IGR have 470m shares on issue (ignoring the options).

At $1.40, this would give them a market cap of $658m. At $3, this would give them a market cap of $1.4B. They are a long, long way from this. At 30c, the current market cap is $141m.

I like IGR. They have a good area, great discoveries and a great management team. I've made money from IGR and still hold the options, but I'm thinking the chance for them to get to $3 anytime in the next 5-10 years is extremely remote. IGR have issued a lot of shares since they were previously 70c.

It is still a reasonably long ride for IGR to get massive increases in value - ie IMHO they need to get into production to see 70c again.

Realistically I would be happy to sell right now in a takeover situation at 50-60c.

Anyway... just my 2c.

Cheers
Marvin