The recent conference call demonstrated that IGRU has considerable potential. The CEO mentioned that majors (plural) have requested site visits. The stock has "buyout" written all over it - which would pay off handsomely for those who get in on the ground floor
------------------------------------------ IGRU has recruited top management from Newmont Mining (4th largest gold producer in the world), and has engaged respected Behre Dolbear mining consultants. These guys are industry heavyweights with the know how to put together a buyout. IGRU has huge potential, not only regarding the Cupoxi site mentioned below, but they also have very promising gold (Brazil) and copper (Arizona) exploration properties.
Looks like IGRU could have huge potential as an exploration play involving one of the largest manganese finds on the planet. Their site in Brazil could yield up to 50 million tons of manganese ore - a vital raw material for the metallurgical industry, used in everything from batteries to steel pipe to automobiles to electronics. The price of manganese keeps pushing historic highs, with Mineralprices reporting a 150% jump last year. One analyst calls IGRU the “superstar buy of the century”:
“Our Opinion: This stock is on a major breakout. ... The technicals are in line with the fundamental developments with the company and we see a lot more upside to come. In our 0pinion we rate this a mega, two thumbs up, superstar buy of the century. This first retest of the breakout sets up an ideal time for an entry, with a short term target area of 3 - 5” (Swing Trades).