OTCPK:IAUFF - Post by User
Comment by
b00gn1shon May 27, 2010 10:00am
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Post# 17135736
RE: share price
RE: share priceThanks for the insight. I will check out comparisons to EAS drill results over the weekend.
Share price is a meaningless point of comparison, but market cap is not
V.EAS $557.35M
T.IAU $213.95M
By that standard of measure, Intrepid could double and still not be at par with EAS. I suspect that EAS has a lot less money in the bank, and a lot more real risk.
Strictly as a rule of thumb, the venture exchange signifies far more risk than a dual-listed TSE/ASX equity. But again, with these penny miners the difference is negligible.
>> Anyway, if this thing keeps proving up continuity, rest assured the indonesion gov't will not let billions escape their coffers.
That same line of thought led many shareholders of Crystallex to large losses vis a vis Venezuela. The good news is that no Chavez-like character dominates Indonesian politics at present. Most Indonesian officials are likely to operate under a well-entrenched system of kickbacks and graft, so as long as PT IMN greases all the right palms, there should be a reasonable anticipation of all necessary permits. I have no moral qualms with bribery, nor do I have any particular knowledge of any taking place. However, most of the world operates in such a manner, and I suspect that Indonesia is no different. It's a lot easier to factor in when it is expected.