IRL: this came out today from O B research ( a good newsletter coming out of Sweden ). PM if you want the pdf report :
New Investment Idea: Mineral IRL
Dear reader,
After a fantastic fall, the start of 2011 has been somewhat tough for gold stock investors and we still see many non-believers out there despite a record goldprice.
We currently see a lot of value in our core holdings Orvana Minerals & Oceana Gold and we stick to our Buy recommendations.
But today we would like to introduce you to the next gold company, closely followed by OBR, Minera IRL, active in Peru & Argentina.
We view this company as being in a similar stage as Orvana a few months before our recommendation in June last year, when trading at C$ 1.30. We also believe Minera is on the verge of starting the same kind of spectacular journey. We have basically not seen any broker house coverage in Canada on Minera despite the great drill results coming out both in Peru and Argentina during the last few months.
As always, our work should be viewed as an introduction to the company and we recommend you to also read the pressreleases to learn more about Minera IRL's rapidly growing projects and how the company rapidly increases resources and moves towards growth in reserves and production. After reading our report we therefore recommend you to, at the very least, read the pressreleases of the Ollachea project and especially to look at the step out drilling both to the west and to the east along the Ollachea trend. We believe this deposit is ultimately going to grow a lot larger than what our estimates for 2011 indicate. While Orvana Minerals remains our top pick for this year we do expect Minera IRL to be a real market darling no later than 2012.
We hope you enjoy reading about this interesting company and you can expect regular updates from us as we do with all our core holdings.
We would like to end with a word of caution. This company is quoted on three exchanges, Lima in Peru , AIM London and the TSX Canada and trading can sometimes be thin. Readers that can access AIM in London or the Lima stock exchange, ticker MIRL, will probably find it easier to get shares at a good price compared to buyers in Canada. For all markets it is of course good to buy on days when there is general market weakness.
We appreciate if you allow at least one week before you post anything about our report on forums, blogs etc, as our subscribers should have some time to read through our report, news releases and more.
Minera IRL (irl.to), english version (click on icon to download pdf)
If you as a subscriber think we have missed out on an interesting article, interview or other things, please use the contact page and let us know.
Team O B Research
www.ob-research.com |
