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Iron Creek Capital Corp
Symbol C : IRN
Shares Issued 36,518,905
Close 2012-12-19 C$ 0.075
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Lundin sells Iron Creek Capital

2012-12-19 16:50 ET - In the News

Brien Lundin, in the November, 2012, edition of the Gold Newsletter, says sell Iron Creek Capital Corp., recently eight cents. Mr. Lundin said buy in July, 2011, at 42 cents and again in March, 2012, at 33 cents. Assuming a $1,000 investment for each buy, selling the $2,000 position at eight cents yields a loss of $1,597. Iron Creek has released assays from a sampling program at its Exploradora project in Chile, including 0.51 gram per tonne gold and 61.7 g/t silver. Samples from previous exploration programs have returned up to 3.45 g/t gold and 480 g/t silver. The Exploradora project covers 5,000 hectares in the Domeyko cordillera copper porphyry belt. Mr. Lundin says he likes Iron Creek's projects and long-term potential, but there are a few things the company seems to be missing -- more impressive assays, the market's attention and better near-term prospects -- so sell the stock. He says he may recommend Iron Creek again someday. Elsewhere in the newsletter, Mr. Lundin says the Republicans should let Barack Obama have his way, even if he drives the country's economy to a crash. If that happens, perhaps Americans will realize they must withdraw their support for the Democrats in the next elections.

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