i picked up a few more ibr at around 62c today. i have to say...

i picked up a few more ibr at around 62c today. i have to say that last time ibr was this price it was after the placement and gold was $500 /oz. They are actually mining now and ready to produce late this year and gold is $620/oz.
Their cost to produce is $200/oz so at $500/oz their profit was $300/oz and now that is $420/oz that is a 40% increase in profit.

So in conclusion, it makes no fundamental sense for the prices to be where they are.

cheers andrewe