love the chart!, page-7

re: huge gains comming ibr vs ald

ald market cap 150 million. ibr 75 million

ald mine opening next year. ibr this year

ald 75k annual production, ibr 70k (increasing to 200k)

ald in PNG (high risk), ibr armenia/portgual (low-medium risk)

ald reserves less than 1.5 million ounces. ibr 1.7 million JORC + 1 million to come from armenia + portgual upgrade. 3 million oz this year???

so the question is why is IBR with twice the gold, less risk, same production and mining sooner trading at half the market cap of ALD??

i know which one i'd rather be in