RE:IRI.V Hits 52Wk & 3Yr High
Roddiggiti wrote: 52 week high & 3 year high hit yesterday. Stock is finally getting some appreciation, but still undervalued given the potential. Shells with the same cash and float trade for 3-4 cents right now. Market not giving any value yet on a proven Copper/Silver/Moly asset in a safe jurisdiction like Nevada. I think a minimum $6+ million market cap is fair right now, then hopefully some drill news coming in less than 2 weeks when year end results are out. $1 million cash and company is frugal on spending extra G&A, so that's a positive.
You're saying that drill results may becoming in 2 weeks. I'm not aware of any drilling on the property. If you have information that there was drilling going on, then please post it otherwise it's just another hipped rumour.
Companies don't wait to release drilling results at year end. By law they are compelled to release them immediately after they receive them. This is known as material news and must not be withheld from shareholders.