short term trading week starting -21st oct, page-117

Entry for STT List

FA long

Ironbark Zinc . IBG
Circa five cents.

Huge reserves of Zinc in Greenland.
#Recent presentation gives a good rundown on the company.

What is very interesting is that they have a plenty of cash AND a mammoth reserve con note fund .. untouched.
It is redeemable at nine times the current SP.....there are billions of dollars worth in the ground there. Market cap twenty million, cash five million.
They are on the hunt for a major and strategic acquisition and the recent overturning of the radioactive mineral mining ban in Greenland has opened the door for them.

I expect some build up in the SP before news of a MAJOR new venture which IMO will include some impressive rare earth leases. Greenland is extremely rich and only has 60,000 people.