RE: IBRIt is unbelievable isn't it Harry? IBR has 35 million shares outstanding at .21/ share. Market capitalization of only $7.3 million! The value of IBR's Vancouver plant must be worth more than that if you were to replace it.
And the NJ plant. Well, it's going to cost those boys a US$10 million IPO PLUS US$17.5 million from the NJEDA bond deal. Call it US$25 million or about CDN$29 million. For just for ONE plant plus they've got to pay royalties.
What's $29 million divided by 35million shares. If you do the math you will see that the current stock price is unbelieveable considering that IBR has much more that just one plant.
This is a speculative investment, period. If you want safety and security you shouldn't be looking at penny stocks period. Try a dividend fund. But this one is so under-followed and under-valued given the circumstances. I don't know how else to put it.