Expect first gold pour to be announced this week ,ramping up to 70,000 oz and then 150,000 oz after 12 mths , this sp is an absolute steal .....blxxdy rediculous , this management team capable of taking production to 250,000 oz at low cost over next 3 years in Armenia and Portugal at the very least . What price then when everyone wakes up . Do your own maths , Kingsgate in Thailand with 50% of mine with Thai gvt. doing 140,000 oz [KCN share only 70,000 oz], same number of shares in company ,similar political risk and cost of production , currently $4.28 .....$6 - $8 in just 2-3 years for IBR would seem quite reasonable as a very minimum . We haven't even calculated in $1,000 per oz gold price yet , nor the expected huge resource upgrade in the near term . As already said this sp is hopelessly under valued by Australians , the sooner it is duel listed the better . cheers to long term investers , this is where the real money is made.
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IBR
iberian resources limited
first gold pour.
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