Shares on issue 140 millions; current market capital 84 million dollars, anticipated Gold production: 80000 OZ/year from March 2007, then increased to 150000 OZ/year by the end of the year @ cost of A$ 400.00/OZ. Approx resources over 2.5 million OZ equivalent & will be increased substantially with the current drilling program. Cash in hand $ 13 millions. The current share price is ridiculously low. IMO $2.50 by the end of 2007. DYOR will be more than worth.
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IBR
iberian resources limited
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