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Ibi Corporation is a Canadian company who are into gold and forestry.They have a recent agreement between Placer Dome and the government of Guyana.Placer Dome has a 51% stake,IBIC 41%, and the government 8%. Placer Dome is doing the preliminary studies now. Other mining companies in the area are coming back with favorable results and it is expected that Pacer Dome will also. The trading for IBIC stock otc-ibic has been vigorous over the past 5 weeks. It was holding $.06 for most of October and is now in the $.16-.17 range. Ibic have applied to trade on the Montreal exchange in the near future. It is my opinion that the stock will increase dramatically when this happens. IBIC also have teak plantations in Costa Rica. Some of these trees are ready for harvest and with the high world market price for teak it is expected to realize a good profit. COMMENTS? |
