IBR iberian resources limited

"i dont think its a threat for runs to 85-90 but its certainly a...

  1. 309 Posts.
    "i dont think its a threat for runs to 85-90 but its certainly a major obstacle for the shareprice to get to 1.20+ (and stay there) let alone a real re valuation towards 1.50-2 bucks."

    How is this highly mathematical calculation worked out?

    I'd imagine that the shareprice will reflect the cash generation of the company (which when I last checked) hasn't started yet. Once the company annouces their first profit figures we'll have a share price that reflects their wealth. Prior to that, the company will be annoucing their profit forecasting - which will attract a lot of new investors. Not to mention resource and productuin/mining upgrades. Not much downside here. Sit on it and stay put for 12mnths at least.
 
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