From Nov Presentation:IBR thinks that by enough drilling of...

From Nov Presentation:
IBR thinks that by enough drilling of project Montemor, it may get 2 mill ounces of Gold.


ARMENIA:
"Lichkvaz Gold project
! Immediately commenced the fast track re-development of the Lichkvaz Gold Project.

! Gold production is targeted to recommence in six to twelve months at approximately 60,000 ounces per annum. The Company will then assess options to increase gold production towards 150,000 ounces per annum.

"World Class gold project with potential to host a +4 Moz Moz field field with further exploration".

! Modifying the existing gold treatment plant at low capital cost.
The result will be the capacity to process greater tonnages with substantially higher recoveries".

More info on IBR:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=258719#809744


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.