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dr_dazmo

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Wolverine,

 

Like you, I maintain a core holding. I usually sell 25% after good reports and buy back a few days later. Small margins, but a fairly consistent return. I still have 75% of the holding I bought 3-4 years ago.

 

It would be nice to get a take over offer, wouldn't it. Maybe if they continue to add to the reserves it will happen. I always thought an amalgamation with Silver Lake would have been perfect - so many synergies - power, road, plant , adjoining leases etc etc , but it's too late for that now.

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Lord Spesh,

 

I guess it's never too late, BUT they have both purchased/re-furbished or built their own gold processing plants now. In fact SLR, has just bought yet another second hand one, for their Murchison project (smart miners that SLR management).

 

It's too late to save the big money !

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I don't want a TO. IGR have a massive gold inventory, which has only just started to be revealed. Further drilling will move their resource IMHO to between 5mOz and 10mOz. I think the latter figure will become achievable down the track. It would not surprise me if IGR have three seperate mills operating by 2014.

 

Should this come to pass, the IGR SP should be multiples of today's still impressive SP of 51.5c.

 

Why give in to an offer of say 75c??

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Question....re: present mill being installed , what would be regarded the maximium output of the mill, should I think in terms of gold oz's or actual rock processed or ????? hmmmmmmmmmm.....

 

Re: TO's isn't this a recurring nightmare for any listed company......I'm of the opinion CC wants to go solo on this venture....butttttttttttt........who knows.

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Continuum,

 

I think the way they like to do it is "output ounces" although you often see a mill output based on hard rock or soft rock processed. At present Salt Creek is looking at a max of around 90,000 pa.

 

They want to increase this output now, ahead of plan, to 140,000 oz pa so they can include ore from the newly discovered high grade ore at Majestic, Cock Eyed Bob and Santa. I guess you have to plan ahead, but I reckon maybe they should bed down the new plant before they start bolting on additional "stuff".

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Marsupial,

 

Most of us (people who have been chatting here about IGR for a while) have doubled our money on IGR. I have already started to unload some. I would see a TO as a chance to unload at an extra premium - icing on the cake - and I would be happy move on.

5-10m oz resource ? That's is a very long way off.

________________________________________________________________________________

_______________________________

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Appreciate your reply , I should kick myself for putting up such an original post.....I think I felt I was missing the point with the mentions of SLR having 3 mills, and what was the relevance to IGR.....Suppose the factor is oz's produced per annum

....

Funny I saw Flower post recently a chart saying "plenty of red and green" ...all I seem to see in the charts ,is plenty of black areas , but then again I do have a warped sense of humour! Flower don't polinate me....G'nite

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Hot gold bullion, hottest global gold stocks

As dollar gold bullion flirts with near-record levels, we take a look at which stocks are getting investors all hot under the collar in our review of the 100 most in-demand gold stocks

 

Author: Barry Sergeant

Posted: Wednesday , 08 Sep 2010

<H1 class=heading_12px>RELATED STORIES</H1>http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/li_bullet_black.gifGoldcorp favored among senior gold stocks dented by ETFs - GMP http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/arrow_right_black.gif

http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/li_bullet_black.gifAfrica's Top 100 Gold stocks: The search for the next Red Back is on http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/arrow_right_black.gif

http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/li_bullet_black.gifJunior gold stocks ripe for takeovers now? http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/arrow_right_black.gif

http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/li_bullet_black.gifLate-summer doldrums excellent buying opportunity for gold stocks http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/arrow_right_black.gif

http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/li_bullet_black.gifIs the Kondratieff winter with us? Go long gold and gold stocks. http://www.mineweb.co.za/mineweb/applications/mineweb/templates/images/arrow_right_black.gif

 

 

JOHANNESBURG -

 

Why are some Tier 1 gold stocks relatively underperforming their global peers in the stock price tables: These and other questions may well be pondered by specialist investors in listed gold stocks as the dollar bullion gold price flirts with making fresh all-time records.

 

What is clear is that the favoured Tier I gold counter, Newmont, continues to hold sway over the global gold subsector group. This is a position Newmont has held for much of this year. It is followed in the Tier I sector, in terms of stock price performance, by Newcrest (busy with a merger with fellow Australia-based global Tier I name Lihir?), Barrick (the world's No 1 gold stock by value and production), and two South Africa based names, AngloGold Ashanti, and Gold Fields.

 

 

On the other hand global No.2 gold stock by value, Goldcorp, and former high flyer Agnico-Eagle along with Kinross, are still currently underperforming.

 

Looking at gold and gold-related stocks, the biggest, in terms of market value, stands as US-quoted SPDR Gold Shares ETF, the world's biggest gold bullion exchange traded fund. This has a current market value of USD 52.3bn, compared to Barrick's USD 45.1bn. The ETF holds physical bullion on behalf of investors, and does not operate as a mining company, thus removing the many risks that may or may not be associated with digging the stuff out of the ground. The ETF does not accrue, or pay, any form of income, unlike a gold stock, which may pay dividends and/or interest on debt instruments.

 

Looking at the most in-demand Tier II stocks, Red Back makes a strong appearance, under offer as it is from Tier I gold stock Kinross, which, from a pricing viewpoint, ranks as the bottom performing in its peer group, with the exception of China's Zijin.

 

Goldcorp this week announced a take out bid for Andean; investors may perceive, as is also the apparent case with Kinross, that the bids are overpriced. Such a notion has done but little, however, to dampen appetite for Newcrest. The three bids mentioned involve differing components of paper (fresh equity) and cash. These do not appear correlated, as such, with relative stock price performance.

 

The majority of Tier II gold stocks are well in demand; the only real exception is Yamana, possibly a delayed reaction to the firm's somewhat unconventional style of reporting its production and costs.

 

Looking at gold stocks with a market value of at least USD 20m, it is apparent that a good number of smaller names are in plentiful demand; mention can be made of Romarco, Integra Mining, Timmins Gold, Grayd Resource, Radius Gold, and Guyana Goldfields.

 

A good number of gold stocks active in Africa are also in strong demand, not least Great Basin, Semafo, Nevsun, Adamus Resources, Oromin, Golden Star, and Perseus Mining. No doubt a number of investors and speculators are taking bets on the "next" Red Back.

 

100 most-wanted gold & related equities

 

 

 

With a minimum market value of USD 20m

 

 

 

Stock

From

From

Value

 

 

price

high*

low*

USD bn

Romarco

 

CAD 2.32

0.0%

132.0%

1.038

Great Basin

 

CAD 2.51

0.0%

73.1%

0.833

Integra Mining

 

AUD 0.50

0.0%

132.6%

0.345

Timmins Gold

 

CAD 2.14

0.0%

234.4%

0.252

Grayd Resource

 

CAD 1.05

0.0%

218.2%

0.081

Radius Gold

 

CAD 0.82

0.0%

368.6%

0.057

Guyana Goldfields

 

CAD 10.29

-0.1%

169.4%

0.758

Semafo

 

CAD 9.46

-0.1%

279.9%

2.443

Allied Nevada

 

CAD 26.90

-0.2%

179.6%

1.469

Premier Gold

 

CAD 5.95

-0.3%

138.0%

0.580

Nevsun

 

CAD 5.43

-0.4%

179.9%

1.001

Gold Resource

 

USD 16.05

-0.4%

145.2%

0.793

Rainy River

 

CAD 8.01

-0.5%

310.8%

0.553

Lihir?

 

AUD 4.48

-0.7%

74.3%

9.700

Xtra-Gold Resources

 

USD 1.45

-0.7%

126.6%

0.050

[[sPDR Gold Shares ETF]]

 

USD 122.70

-0.7%

26.8%

52.246

Anatolia

 

CAD 7.81

-0.8%

288.6%

1.033

Adamus Resources

 

AUD 0.65

-0.8%

86.1%

0.230

European Gold

 

CAD 10.51

-0.8%

191.9%

1.826

Mineros SA

 

COP 6,580

-0.9%

73.7%

0.953

Bear Creek Mining

 

CAD 5.68

-1.2%

140.7%

0.379

Bear Lake Gold

 

CAD 0.40

-1.2%

166.7%

0.042

St Barbara

 

AUD 0.39

-1.3%

85.7%

0.696

Oceanagold

 

AUD 3.85

-1.3%

288.9%

0.803

Oromin

 

CAD 1.38

-1.4%

133.9%

0.164

Intrepid Mines

 

AUD 1.03

-1.4%

390.5%

0.405

PanAust

 

AUD 0.66

-1.5%

65.0%

1.782

Alexco Resources

 

CAD 4.58

-1.5%

84.7%

0.232

Golden Star

 

USD 4.92

-1.6%

90.0%

1.210

Perseus Mining

 

AUD 3.02

-1.6%

184.9%

1.163

Troy Resources

 

AUD 2.87

-1.7%

55.1%

0.229

Atac Resources

 

CAD 7.22

-1.8%

1436.2%

0.623

Colossus Minerals

 

CAD 8.68

-1.8%

200.3%

0.694

Orvana Minerals

 

CAD 1.95

-2.0%

137.8%

0.216

Newmont

 

USD 62.07

-2.1%

49.7%

30.085

Newcrest

 

AUD 38.80

-2.4%

30.5%

17.148

ASA Ltd

 

USD 28.10

-2.4%

29.1%

0.546

Tanzanian Royalty

 

CAD 6.63

-2.5%

127.8%

0.577

Alamos

 

CAD 17.62

-2.6%

106.6%

1.944

Kingsgate

 

AUD 10.67

-2.8%

52.2%

0.983

Centerra

 

CAD 15.77

-2.8%

126.9%

3.533

Shandong Gold

 

CNY 45.30

-2.9%

59.5%

9.486

Sandfire Resources

 

AUD 5.95

-2.9%

230.6%

0.715

Reunion Gold

 

CAD 0.33

-2.9%

450.0%

0.033

Shield Mining

 

AUD 0.32

-3.0%

300.0%

0.028

Almaden Minerals

 

USD 2.87

-3.0%

348.4%

0.130

Centamin Egypt

 

CAD 2.86

-3.1%

84.5%

2.804

Buenaventura

 

USD 41.35

-3.1%

44.6%

11.367

Kaminak Gold

 

CAD 3.65

-3.2%

973.5%

0.201

Avoca Resources

 

AUD 3.34

-3.2%

125.7%

0.888

Midland Exploration

 

CAD 1.69

-3.4%

92.0%

0.039

Dragon Mining

 

AUD 0.14

-3.6%

101.5%

0.091

High River

 

CAD 1.05

-3.7%

195.8%

0.800

Zhaojin

 

HKD 20.85

-3.7%

63.7%

1.173

Saracen

 

AUD 0.52

-3.7%

96.2%

0.234

Kasbah Resources

 

AUD 0.13

-3.7%

170.8%

0.028

New Gold

 

CAD 6.72

-3.7%

99.4%

2.508

Red Back

 

CAD 30.72

-3.8%

180.3%

7.517

Eldorado

 

USD 19.29

-3.8%

94.7%

10.554

Fresnillo**

 

GBP 10.95

-3.9%

69.2%

12.113

JSC Polymetal**

 

USD 13.30

-4.0%

70.5%

5.312

Ampella Mining

 

AUD 2.11

-4.1%

374.2%

0.343

Detour Gold

 

CAD 31.39

-4.1%

207.1%

2.468

Barrick

 

USD 45.75

-4.7%

36.0%

45.095

Canaco Resources

 

CAD 2.80

-4.8%

4566.7%

0.424

Extorre Gold

 

CAD 5.23

-4.9%

302.3%

0.377

US Gold Corp.

 

USD 5.17

-5.0%

155.9%

0.602

Ramelius Resources

 

AUD 0.75

-5.1%

107.2%

0.200

Zhongjin

 

CNY 36.29

-5.1%

47.0%

7.600

B2Gold

 

CAD 1.87

-5.1%

175.0%

0.555

Catalpa Resources

 

AUD 1.86

-5.1%

58.2%

0.277

Central Gold Trust

 

USD 48.90

-5.2%

25.8%

0.534

Int'l Minerals

 

CAD 4.45

-5.3%

27.1%

0.489

Volta Resources

 

CAD 1.70

-5.6%

900.0%

0.214

Regis Resources

 

AUD 1.35

-5.6%

202.4%

0.511

Bralorne Gold

 

CAD 1.15

-5.7%

76.9%

0.025

Aurizon

 

CAD 6.99

-5.8%

83.5%

1.064

Patagonia Gold

 

GBP 0.20

-5.8%

68.8%

0.211

PMI Gold

 

CAD 0.24

-6.0%

193.8%

0.056

Silver Lake Resources

 

AUD 2.35

-6.4%

217.6%

0.384

AngloGold Ashanti

 

USD 44.39

-6.6%

30.1%

16.104

Skyline Gold

 

CAD 0.28

-6.7%

330.8%

0.030

Randgold Resources

 

USD 92.56

-7.1%

45.6%

8.409

Gryphon Minerals

 

AUD 1.10

-7.2%

204.2%

0.248

Richmont Mines

 

CAD 5.06

-7.3%

77.5%

0.149

Kryso Resources

 

GBP 0.16

-7.4%

152.0%

0.039

Carpathian Gold

 

CAD 0.44

-7.4%

83.3%

0.120

North Atlantic Resources

 

CAD 0.50

-7.4%

1011.1%

0.023

Metals X

 

AUD 0.19

-7.5%

105.6%

0.231

Orezone

 

CAD 0.97

-7.6%

98.0%

0.063

Fronteer

 

CAD 7.75

-7.8%

105.6%

0.891

Gold Fields

 

ZAR 107.25

-7.9%

29.1%

10.391

Auex Ventures

 

CAD 5.70

-8.1%

129.8%

0.213

Mungana Goldmines

 

AUD 0.88

-8.3%

10.0%

0.126

Franco-Nevada

 

CAD 31.52

-8.4%

24.2%

3.427

Iamgold

 

USD 19.21

-8.5%

57.6%

7.143

St Andrew Goldfields

 

CAD 1.25

-8.8%

220.5%

0.429

Klondex Mines

 

CAD 1.76

-8.8%

53.0%

0.054

Averages/total

 

-3.1%

124.0%

316.137

Weighted averages

 

-3.5%

52.8%

* 12-month ** Mainly silver

 

Source: market data; tables compiled by Barry Sergeant

 

 

 

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