feedback on ibg?

Hi Ironbarkers, have been told about this stock from a few friends and have started my DD before I take a position and am interested in all your thoughts in the stock (good and bad).

From my initial course review, it looks like there is plenty more upside than downside at current prices (22c), especially given Nyrstar's purchase of an additional 11% of IBG at 35c!!! (I cant quite understand why the sp is not at least 30-35c based on this alone???)

With Nyrstar now having ~31%, should the drilling program and DFS go well this year, then I would expect they may takeover the whole company and if that occurs then it should be at much more than 35c...Anyway, as I said, my course initial review says to me that 22c is a very good buy so my plan is to take a small position now, while I complete my DD, and then take a much large position (hopefully the sp has not run by then).

Interested in some of the thoughts of those who have followed IBG and now it much better than me.Thanks.