OK... CC has indicated with underground at Maxwells and the open pit, he wants to initially start with 100000 oz/yr
Avg cost to mine????? $574 with the OP..what about the UG??? $700??? Maybe an average of about $650??
POG atm $1125....so we are looking at approx $47500000/yr profit
So what does that make a company that has 700m shares worth, going forward I know there are lots of variables, plus debt repayment and further drilling expenses...but makes you wonder what IGR is really worth..
IGR Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held