Fundamentally, this stock is supported with its upcoming gold production program - aggressively accelerating into the second year!
Technically, as can be seen below, we have an excellent chart pattern setup which should create some upward pressure on the sp. A break above the 90's resistance area could see a nice move into the mid $1 mark!!
$USD is looking weak for 2007 which should add some influence to the upward momentum of the gold price - however, short term volatility is not out of the question!
Happy trading!
IBR
iberian resources limited
Fundamentally, this stock is supported with its upcoming gold...
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