I'm just changing the topic cause you guys didn't seem to get on too well and the public bit#h fight was getting annoying.
So - where to from here for IBR? Here is my crystal ball best possible scenario... (ever the optimist)..
As they move closer to production, we're likely to see a further re-rating of the share price. As to how much of a re-rating, it'll depend on the POG and sentiment about gold at the time, and the newsflow being positive. I think the production date has the potential be timed extremely well with the gold price recovery. IMO Gold will start to deviate from oil in its daily swings and start to claw back to 700. IF this happends at around the same time that IBR reports 1st gold, then we're likely to be in for a wild ride. The majors will all be returning 10% 20% gains from their current levels and funds and gold stock traders will be looking for juniors to re-enter their higher risk positions. Que one of those new graphs that IBR have about the cost per resource ounce. IBR could well be at 150c at this time, possibly higher. A very simmilar event occured recently with a nickel company that just started production. Western Areas stock went from around 260c to 360c in the lead up to their first production from their new mine. At the time, Nickel started its recent upswing returning it to record high territory. Watch IBR for a simmilar situation but with gold.
U.
IBR
iberian resources limited
I'm just changing the topic cause you guys didn't seem to get on...
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