xstrata makes its move , page-17

Tron you're definitely right that it has been a boring stock and has only gone down recently. I personally think they're a long term stock which have to go up simply because they are in a very good position and have so much going for them. There don't seem to be any real problems in the Philipines, everything is pretty much on track at the moment.

IRN was also touted as one to watch by an analyst in an article early this year in the Weekend Australian, sorry I can't remember who. To go with that they were also mentioned as a small cap co. due to go places in the Smart Investor magazine late last year.
All we can really do is look at the facts:

Tampakan has 2b tonnes of resource
11.6 million tonnes of copper (cut off 0.3%)
14.6 million ounces of gold
Cost competitive long life mine
110 million in the bank
Xstrata major partner
With X taking over management they will also be taking over costs, and this will leave IRN to look elsewhere and find other projects.
Debt free
Also the Philipines govt appears to be falling all over itself to help in any way, especially now that X are managing.

Based on these facts I personally think IRN's sp will definitely go up in the long term, hopefully other investors wake up to it and it can go up in the short term as well.

I think its very good value at .75

I hold.