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IKAR Mining Tungsten Iron Ore gold, silver, copper, and cobalt
Share Capitalization
Shares Authorized: 50,000,000
Shares Issued: 16,300,000
Public Float: 6,300,000
Officers & Directors
J.H. Muller, President
Randall Andrus, CEO
H.J. Offers, Director
Gordon J. Hoffman, Director
Bennie B. Grabow, Director
Investor Relations
1360-1124 Lonsdale Avenue
North Vancouver, B.C.
V7M 2H1
1-888-322-IKAR (4527)
IKAR Mineral Corp.
#3-1037 Marine Drivet
North Vancouver, British Columbia
Canada
V7P 1S6
telephone (604) 986-9961
fax (604) 986-9962
Email: ikar@intergate.bc.ca
IKAR Web Site; ikar.com
Are you tired of mining Companies that spout GOLD and nothing else. Well IKAR has
a wining combination of not just Gold but a huge amount of Tungsten as well as Iron
Ore , silver, copper, and cobalt. After the last news release in regards to the IMF which
I will touch upon later on this post. I was compelled to start this thread for the mere fact
that the many other threads did not do this company justice on the initial start up post on
IKAR no other information other than a few lines of basic thought's.
Tungsten that is a key word for this company and that is why I like it over just simple
gold mining stocks. To put it simply IKAR has a vast array of resources Tungsten being
their largest the rest just adds to the value of this company. Tungsten is used in many
different ways from the military to the lights in your homes. Just some of the many forms
of Tungsten include TUNGSTIC ACID, TUNGSTEN CARBIDE POWDER,
CASTING TUNGSTEN CARBIDE, CASTING TUNGSTEN CARBIDE IN
TUBES, FERRO TUNGSTEN, Wolframite Concentrate, Blue Tungsten Oxide, Pure
Tungsten Trioxide, Tungsten Carbide Powder ECT......
Just some of the applications that Tungsten is used are Lamp
Filament,Colied-Coil,Grid,Cathode Filament,Folded Filament,Stranded
W-Wire,Heat-element,W-Heater Element Brazed Carbide Tips,Indexable
Inserts,Cutting and Milling Tool Tips,Rock Drilling,Geological
Prospecting,Coal-Mining,Drill Bits for Mining and Oil industry,Blanks for Drawing
Dies,Cemented Carbide Tube,and Strips OK I guess I could go on an on so here is one
of many links about Tungsten and it's applications;
minerals.er.usgs.gov
Now let me express this scenario and I am sure you will find it very
interesting this was in one of the latest news releases by Ikar;
On the advice of its board, Ikar announces the following corporate
developments:
Re-Incorporation in the State of Delaware
Ikar has re-incorporated in the State of Delaware. Henceforth, the company will
be known as ''Ikar Mineral Corp.'' The company's shares will continue to be
traded on the OTC Bulletin Board under the symbol ''IKAR.'' The company has
now applied to become a fully-reporting issuer.
You will notice IKAR has applied to become a fully reporting Company.
Now read below if IKAR brings in huge profits who will benefit since now they are a
Corporation in the State of Delaware. I feel the U.S. reliance on foreign sources of
tungsten materials will regress as IKAR proves to the world its reserves!!
The U.S. reliance on foreign sources of tungsten materials has increased by nearly 40%
since 1984 compared with the average for the previous 10 years. Much of this increase
was the direct result of a steady decline in domestic mine production and an increase in
the production of concentrate for the world market by the Chinese.
I can go on this for ever but let me share my thought's on the latest
developments with IKAR in regards to the IMF as well as government officials. First the
release;
biz.yahoo.com
The IMF (International Monetary Fund) has been in contact with Ikar after learning of
the size and potential of the company's 100,000-acre Rushan Complex because its
development will prove to be extremely meaningful to the emerging Tajik economy.
Who is the IMF (International Monetary Fund) simply put the most powerful monetary
fund in the world.
If you read the news release they have been in contact with IKAR and a meeting is
scheduled to be involved to suppling capital needed for Tajik economy to mine the rich
reserves as stated in the Russian report and backed up by the Kilborn Engineering
Pacific Ltd., a member of the SNC Lavalin Group.
biz.yahoo.com
To better understand who the IMF (International Monetary Fund) and the
power they posses is here is a link to their Web Site.
imf.org
My main concern with any Company is the issuing of shares to gain capital for projects,
equipment , accusations ect..... IKAR at present especially for a mining Company has a
very low share distribution a total of onlyApprox 16.3 Million with a float of around 6.3
Million. I feel if a deal is struck with the IMF and I am confident to one degree or
another it will be.
Funding will not be any problem for IKAR and share dilution at the very most minimally
will be effected. Also let's not forget that the total limit the company is allowed to issue is
only 50 Million! If IKAR was depending on just Gold I would not be in this stock, their
resources are spread out with a combination of many different metals Tungsten being the
most prominent. To put it bluntly if a deal is hit with the IMF, to use IKAR as a means
to improve the Tajik economy get out a calculator compute the total issued shares of
this company (16.3 Million) with the Billions of un mined reserves that are sitting in only
10 percent of the Rushan complex, which
totals about 100,000 acres. 16 Million times a buck is only 16 Million
dollars it doesn't take a brain scientist to see were this will go. Gold mining companies
are a dime a dozen, but talk Tungsten and we are dealing another set of cards China
being one of them.
As always before you invest do your own DD, call the Company verify and feel
confident before you invest. The information on this post are my thoughts and my
opinion of IKAR and it's potential. Much of it is based on factual information via either
news releases, other sources and by public information from IKAR. |
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