IBR iberian resources limited

first gold pour.

  1. 360 Posts.
    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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Currently unlisted public company.

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