IBR iberian resources limited

bit concerning that it would fall so much despite gold (in usd...

  1. cdchi1
    8,972 Posts.
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    05/01/06
    11:21
    Post #: 1303454
    bit concerning that it would fall so much despite gold (in usd terms) not really falling.

    Just received a report written by warwick grigor...

    Comparatively speaking, even at current mkt cap, IBRs enterprise value per oz is below $25 per oz...and unlike the others the resource is large, they are coming into production sooner rather than later...and of course their CAPEX is much lower.

    He does however rate geopolitical risk of armenia as high.

    Cdchi1
    IBR Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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