We all need a little courage at the moment.
Keep in mind the fundamentals.
Has anything changed?
Are they still oulling ore out? Has the Phase 1 processing plant been delivered within 3 months of the timetable?
Have they got the cash to launch into Phase 2 and increased production to 150K oz.
Is the probability correct that reserves will increase 3 fold when drilling commences?
The answer is yes to all so at 150K oz and a $400US an oz margin that makes about 50-60c of net earnings before tax per share.
What is the value of a share with 50-60c earnings and 6m oz of JORC reserves worth????
Thats the target..... And what would the value be in pounds!!!!!!!!!!!
IBR
iberian resources limited
We all need a little courage at the moment.Keep in mind the...
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