IBR iberian resources limited

tmr

  1. 451 Posts.
    Found this on the Aegis Research site. Bear in mind this is a professional company.

    Along with Thompson Financial they have TMR as a "strong buy"

    Strategic Direction - TMR's strategy is to create a mid-tier diversified copper-gold mining company based on operating copper-gold mines in Chile and gold assets in Armenia and Portugal which will come into the portfolio from a merger with Iberian Resources Ltd (IBR).
    Risks - Executive chairman Hugh Callaghan is experienced in operating in Chile as are other members of the management team. Chile is a good country for doing business, especially exploration and mining that enjoy support from all levels of government. Chile's country risk remains low. Strikes by miners at the largest projects have been troublesome, along with threats or actual changes to royalties and taxes. A merger with Iberian Resources reduces specific country, project and commodity risk.
    Primary Share Price Catalyst - With a new management team, TMR is increasing margins from optimising the Punitaqui mill and increasing output from the Cinabrio mine. The 2007 exploration budget for Chile is A$3.7M. Cinabrio Block-0 is a confirmed resource that is open along strike and to depth. TMR is exploring oxide resources within trucking distance of the Punitaqui facility. The merger with Iberian Resources has the potential to create an emerging mid-tier miner with advanced exploration projects in four countries.
 
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Currently unlisted public company.

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