IRN indophil resources nl

going be very interesting what price IRN can get for their 33%...

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    going be very interesting what price IRN can get for their 33% interest in the tampakan project I see in todays Qtr report they believe a production of 320,000ozpa of Gold & 300,000tpa of copper will be likely
    And the fact IRN have 20c in cash so 3c for everything else???
    their share of the gold alone at 700oz AUD is worth over 3billion + copper and other land interests I wouldn't be surprised if the likes of Xtrasta doesn't just takeover the company for a song say $1.60-1.80 sh they for one could get a slice of UBS
    I find it hard to believe any sane investor would sell at these levels if it wasn't forced

    Indophil estimates reaffirm our view that Tampakan is one of the most attractive, low-cost
    and long-life undeveloped copper deposits in the world.
 
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