IBG
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0.00% 0.3¢ ironbark zinc ltd

IBG clearly overvalued....do you math

  1. quasar81
    506 Posts.
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    21/07/14
    08:39
    Post #: 13687858
    Old news but completely relevant. Glencore bought 27% of Perkoa Zn mine for whatttt...$12M i.e. Peanuts. Again, Perkoa FULLY Permitted mine. IBG don't even have a permit yet.

    27% of PERMITTED and PRODUCING Zn mine = $12M
    IBG's not even permitted and far from any production mine MC = $30M. What the .......

    Buyitlow, don't scream(and point to irrelevant spell mistakes) - do the math and consider the fact of an "approved" mining permit and a "producing" mine......
    IBG Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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