Tophat,
"I understand that the 100k and then utilising cashflow to get to 250k of gold per annum is achievable..."
How do you understand this, when the mine design has not been completed yet? These numbers have been plucked from the air: 4m oz deposit; 150k pa oz - based on what?
Rememer that Lichkvaz has been sitting there for over 20 years, yet foreign mining companies own deposits surrounding it - per chance this "+4m oz deposit" was over looked???
IBR are selling out because it's in the too hard basket - too hard for the likes of IBR, realising they did not have the skills or money to realise value for shareholders. Perhaps IBR is worth more than 4:1, but at the time the only offer was TMR.
This is called stock market mining, and it's time to cash out.
- Forums
- ASX - By Stock
- green mail
IBR
iberian resources limited
Tophat,"I understand that the 100k and then utilising cashflow...
-
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online