big buyers, page-10

Iau is Shaw stockbroking s favourite stock virtually all clients including myself are heavily into intrepid.
They supply us with a lot of ongoing reseach on this company

They did a valuation on the Company based on the Glencore purchase of a gold company in Peru that took place last week .
It puts a value on IAU of $9 per share

I believe that the Indo company becomes a wholly owned company of IAU next week plus a further significant upgrade of there reserves is also due out next week . Plus the release of the 990m tones of resource the independent geologists said there would not be any more resource in that area but I think they found a heap more .
By Christmas it is possible the total resource will exceed 2.5billion tones of resource or reserves that cannot be exhusted

The above was partly announced at the AGM but also in the recent drilling reports . Essentially when the Jorc report is updated with the recent drill results it will blow the socks off you

I hope it does not get overlooked in the current market sell off next 4 months will complete the story