Desjardins Material ConferenceGreat presentation by Iamgold at:
https://events.onlinebroadcasting.com/desjardins/120406/index.php
They have grown and will continue to do so. They also have a great balance sheet which consist of 200 million cash and 60 million debt due to Cambior aquisition which they indicate will be wiped out over the next year or so. Part of that 200 million cash includes gold bullion of 148,681 oz at an avg cost of $330. Thats right, they report this bullion at cost. Gold at over $630 and going up, therefore their cash is much higher. You do the math. This is not reflected anywhere in revenue or on their balanse sheet.
Also, due to Cambior aquisition they have between 300 to 400 million tax carryforwards. Go to presentaion for your self how this company has grown and will continue to do so.