Minera IRL Forum

I've been able to make money over the last year and a half in gold stocks even though the sector is such a mess. Minera IRL is at the top of my top 4 for big gains over the next few months. The other 3 are Temex Resources, Integra Gold, and Midway Gold.

This press release is good. It's good for Mr Chamberlain to give an update at this time. You don't want to announce financing when the tax-loss selling is going on. Wait to finalize the deal in the new year. It's all good. Nothing you're saying is making sense Maxo. If you want a debate on the subject, I'll gladly do so, but you have to start by saying something half-way intelligent.

You're a complete nut-job maxo. They're not running out of cash in January. They've got about $4million and if they need to, they have ways to drastically reduce outflows so they have cash for a long-time. They are working hard on financing and are at the advanced stage. If I was the investor, I'd slow it down right now so it can be announced in the new year to avoid tax-loss selling affecting share price. Do you really understand how gold mining works? They have: 1-high-grade gold, 2-a lot of gold, 3-a community which is very supportive, 4-a unique arrangement with the community where they are part of the team, 5-Rio Tinto very interested that this work out well, 6-Macquarrie very very interested that this work out well, 7-a mining friendly jurisdiction, and 8-a resource set to grow probably to 3 million oz and possible 5 million. Think about the fact that there almost certainly be over $4000 million in gold coming out of the ground here, and likely much more. Low cash costs mean much profit for investors. When I buy gold mines, I'm looking for 5 or 10 baggers. This should be an easy 25 bagger - that's a 2500% gain!

When gold price goes up, almost all gold stocks will go up but I want to be in the ones that will go up 1000% or more. I believe this is one of them.

Well even 20p won't be so bad. That's over 500% of the price now. But I believe it will go much higher than 20p.

20p or not 20p Here it comes guys. Gold could go down to $1000 dollars (not likely) and Minera IRL would get finance and do just fine because of low cash costs.

You can't say that Maxo. How can you possibly know that there is no one in the world interested in investing in what could lead to over $6 billion US in gold from Ollachea. High-grade, low-cost gold - not that many of these left in the world. And you're saying financing will never happen - that's ridiculous! Of course it will happen. If you want to question something, it's the quality of the deal that they get. That's all I worry about. But even for a crappy deal, the share price will be many multiples of what it is now.

Very little downside because of the safety nets they have and tons of upside. It's with stocks like this that you can make a lot of money.

Look at all the gold stocks on the TSX this morning. Low volume. Everyone's waiting to see if gold price is going up or will get knocked down again. In any case, Minera IRL is a low-cost gold producer.

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