Club Mulgoa

Friday, November 01, 2013

IBG

I put in a low bid for IBG today.  When you read what is predicted for zinc in the next 5 years, you hope the predictors are right!  Greenland parliament has made the first "right" move into mining.

Yet Iran has one of the largest untapped zinc resources.  An Aussie company used to explore it but it cannot be developed because the USA has slapped a trading embargo against it as a punishment for wanting to develop an advanced nuclear capability.  It is very silly to invest in that country, too.  It is one of those countries that makes appealing music to attract exploration and then murder your prospect once you have found a huge deposit.


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