2 Things that I like about IBG
1. Jono Downes is a great guy and really has an impressive CV of finding under valued assets and selling or bringing them to market - you need to remember IBG also spun out an asset some years back plus he holds some 10 mil shares I think which have only fallen in value over the last 5 years and his salary is fairly modest in comparison to other small cap companies
2. This company do not bring out BS announcements just to get the SP running - they have probably met with many Euro and Chinese companies interesting in building / financing / operating the mine and just keep the cards held tightly - they don't need any cash and at this stage of the game they don't care if the SP is 8 or 18 as they need to get the licence from the Greenlanders
Keep buying the dips and putting this one away - if they get the licence and zinc moves higher you will make many multiples if they don't get either we are all screwed !
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