re: placements Targeting 100,000 to 150,000 oz per year in the near future. If they do half of that in their 1st year, that is income of over $30m based on $650 gold . HALF THEIR CURRENT MARKET CAPITALIZATION IN THE FISRT YEAR.
It doesn't get any clearer/easier than this. The shares are due for a massive re-rating.
My prediction is 80,000 oz in their first year with a gold price of $750 - blow the absolute top off the price and then some. Just under their total current market cap in one year..... ;)
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iberian resources limited
first gold pour., page-41
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