IBR iberian resources limited

re: glug glug glug I too will hold. 2nd quarter activities and...

  1. 309 Posts.
    re: glug glug glug I too will hold. 2nd quarter activities and cashflow updates should be on or around 31st January.

    This is all happening now:
    -First gold poured.
    -First class management team recruited.
    -Commissioning of full gravity circuit underway. (finished?)
    -Additional milling capacity to be installed. (finished?)
    -Flotation circuit to be installed. (installed?)
    -Terterasar Underground Mine production underway and
    increasing. (full steam?)
    -Lichkvaz-Tey Level 24 Underground Mine has commenced mining ore.
    -Open cut mining has commenced at Lichkvaz-Tey Deposit.
    -Additional underground mine to be commenced at the
    Lichkvaz-Tey Deposit (started?)

    This is what may be happening, has happend, or is meant to happen soon?

    - Study into mechanised mining commenced. (finished?)
    -Commenced design and test work of a CIL plant. (finished?)
    -Early test work indicates that +97% of gold reports to
    cyanide (Results of further tests ?)
    -Site selection finalised.
    -New land acquisition has commenced. (+they bought out Global Gold's stake increasing their share of Lichkvaz to 100%!!!!)
    -Hydrological study commenced. (finished?)
    -Targeting future production of 100,000 to 150,000 ounces per annum. (how many oz produced in just under 2 months?????? THAT is what makes this f##ked up market wake up - say a moderate estimate is 8000oz in the time since they started?? That is millions of $ in revenue that the comany didn't have 2 months ago when the shares were almost double what they are today)

    Is this a cheap stock? YES - Is this possibly the best buy on the market at these levels? - YES and much higher levels. These times won't last long. The market WILL judge this company on its earnings , and the speculators and day traders will be paying a shi$load more for it all the way up.
 
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