+ Watch IAG
on My Watchlist
The Company is engaged in the exploration, development and operation of gold mining properties and of a niobium mine.
looking for some bouncing off the bottom
IAG is currently trading at a P/B of .50. Over the past 10 years, it's average has been closer to 1.25. I see a correction coming in the future. How long it'll take is beyond me, but this company appears to be trading at a serious discount. When gold comes back into favor this stock should flourish.
Gold is on it's way. Miners lead the pack.
Hopefully a bottom.
Gold miner selling at 50% of tangible book value. I am gold.
Like everything else , Gold will come back in play in long term
IAG is low but fairly priced. I am not investing on a price basis. I am bull in my stock investing and use gold (IAG) as a hedge. US Financials are a huge mess, sooner or later we will have another broad based market or market manipulation hit and politically there are still Middle East and African tensions Internationally and Tea Party extremism domestically. Gold does well whenever any of these cause disruptions.
The cost to mine an ounce of gold are very low compared to other miners. The company plans to produce gold in 2014.
The developed world has too much debt; another European crisis is inevitable.
They have enough cash to buy Switzerland
Gold is Going to $1500,then $2K/Oz over the next 12-18 months, which will pull IAG up to a price around $18-$20/share!!
even if gold price averages $900 over the next 2 yrs IAG should make money
Gold oversold. Physical demand around the globe will force a bottom at these levels.
I know that I am early...but at this point where do you think the risk reward ratio is clearly skewed? I will have a cost basis of about 4 bucks on a company that is selling at 3x cash in the bank and selling at less then 40% of book value...with a dividend yield over 6%... I don't need a lot of market manipulation to get outsized returns either.... When the times get rough, the weak go out of business. IAG is one of the stronger players in the space and will benefit from competition going bust...
Great dividend, Book value near $10. Undervalued.
Another beat up, under rated mining stock, suppressed by the dollar.
I'm All In.
Gold miners will come back and iag has mine diversification, niobium, good mgmt and one of best dividends
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