BCP optimistic about Ivernia West's growth prospects

For those who missed out on Minmet's recent run, BCP Stockbrokers recommends Ivernia West as a "strong buy" for investors seeking short-to-medium-term share price growth. It says the share should reach £1.50 by summer 1998 with a strong possibility of hitting the £2 level by summer 1999.

It is currently trading at around 135p. This surge is likely to occur in the final six-months period prior to the first production of its zinc mine at Lisheen, Co Tipperary which it jointly operates with Minorco, and would reflect a further re-rating of Ivernia as a producer rather than a purely exploration company, according to the brokers.

See also Business This Week 1, page 5