Well, it’s very hard to value a company like IBG who is a survivor. It survived zinc price crash and persisted on. Tick most of the boxes in the mean time and just waiting on finance now.
I guess until the construction really started and the first shipment goes, People are still of the mentality that this is a loser company. Let’s not forget also that only a portion of the tenement is explored.
There in lies the opportunity for people who have the patience to weather it out.
By the time people realise it, it will be so far away that it won’t present the opportunity to multi bag few times over anymore.
Not advocating people jump into this blindly, but the potential of this company is vast. It’s just a matter of time.
IBG Price at posting:
5.7¢ Sentiment: None Disclosure: Held
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