Minera IRL comments on lse boardTo the question, "What price do you think Minera IRL should be?" Reply: "At least 90 times what it's trading at. You asked me this before. Here's how I calculate it: Let's say gold price averages $1200 over the next 9 years. They plan to mine over 100,000 oz per year at all-in sustaining cost of $646. That leaves $554x100,000=$55.4 million US. That's 36.93 million pounds. That's 15.98p per share. At current stock price, this works out to a p/e ratio of 0.226. The average p/e ratio on the S&P500 is currently 20.5. To reach that P/E level (and a lot of gold mining stocks have reached that level) that means the share price of Minera IRL should increase by 9071%!!! From it's current 3.62 to 328.36!!! Then take into account that with dwindling supply and increasing demand, gold is likely going to average more than $1200 - some say a lot more. Then take into account that this Ollachea resource is open on both ends and could have double, triple, and some have even said it could be up to 5 times the deposit that is currently measured and indicated. Again I ask: How can this possibly not be financed? I think we're looking at a hundred bagger - a unique opportunity to make 100 times your money. Gold stocks are in the crapper at the moment but this one is much more undervalued than average. As soon as financing is announced, it should spring forward in a big way. It should move forward steadily from there as it moves into production. And we are not dependent on this but if gold sentiment improves, we'll see really good share price improvement from that also. Some investors will wait until we've gained 5000-10000% before investing with the hopes of gaining 10 or 20%. That's not me."