Mate there is no way IBR will be trading at $16.00 if they're...

Mate there is no way IBR will be trading at $16.00 if they're worth $280,000,000. Mainly because if IBR is still around in 2-3 years it will become apparent that TMR is not interested in the remaining 14%. Your best chance is for TMR to make another offer otherwise IBR will drop off the radar.

Even with 950,000,000 shares on issue TMR would be around the $3.00 - $4.00 mark if it was worth $2billion.

But $2 billion is a freakin joke, no way TMR or IBR will be worth that much. We'll get $80,000,000 next year with both TMR's copper and IBR assets if we're lucky.

I think all going well IBR should bring around $40 million next year.

Get a grip mate, i think you're starting to believe your own hype. Blind optimism and the sharemarket are a dangerous mix which i think you're about to learn the hard way.