Bobby, that is hard to answer, but I know that they are very active exploring ninerals in British Columbia in which of late found gold,and silver on their property. They have already proven up a reserve of 1,100,000 ounces of gold at Mount Polley, BC, and they are also exploring in Africa.
They own two other companies such as Cathedral Gold, and another one that I could not remember on top of my head.
This stock has been recommended by the VP of Nesbitt-Burns in Calgary to his clients.
As you know IPM is not only an exploration company it is also a producer. It will start producing gold next Fall at an annual rate of 100,000 ounces. They are also going to produce copper that year. I mentioned that at this stage IPM is directly related to the price of gold, when gold goes down it goes down as well, however, it has been firming up because of their aggressive management. |
