Tooli, IGR has received bank finance on the basis of a BFS which included quality JORC gold reserves and projected low cash costs for a gold mining operation in Australia.
Based on this BFS and finance received all indications are that IGR will comparatively be a very low cost gold miner in Australia.
What is possibly at issue is the exploration upside.
However there have been enough excellent drilling results released on numerous prospects over the last few years to indicate to me that there MUST be plenty more gold out there.
It's just a matter of IGR solving the jigsaw puzzle.
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