$1.80 price target for indophil

http://www.livetradingnews.com/shayne-heffernan-issues-strong-buy-on-indophil-asxirn-24164.htm

"Indophil Resources NL (Public, ASX:IRN) chief executive Richard Laufmann is a man of action. So when China?s Zijin Mining walked away from a $1.28 a share takeover bid for the Melbourne-based group in June, there were punters prepared to back Laufmann?s ability to come up with Plan B, a Plan C and a Plan D for that matter. That?s not to say that Indophil?s share price did not take a battering when Zijin walked away.

Indophil plunged from $1.10 a share to 63? a share when the Zijin news first hit.

Shayne Heffernan has put a price target of $1.80 for 2011 on ASX:IRN

Indophil Resources NL (Indophil) is an Australia-based Company. The Company is a mining exploration company focusing on exploration and development of gold and copper-gold opportunities in South East Asia."