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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: zoo york who wrote (31067)1/27/2007 2:34:32 PM
From: maxncompany  Read Replies (1) of 78409
 
Would you prefer I comment on the company?

IPT is producing profitably and has reason to believe they have some very nice resources. But, like Excellon who produces profitably and also think they have great resources on their property, the market won't reward the share price as fully as investors would like until IPT and Exellon prove up a good deal more resources than thus far. It's not that we believe the metals are not there, it's that the market wants to see resources proven up. Historically, anectdotally aren't enough. 43-101 is wanted by the market.

And I wouldn't be using $40 silver as a selling point on IPT, and not just because it's currently $13. Every silver stock would go ballistic with $40 silver, that is not at all unique to IPT.

I'm not negative on IPT at all. IPT has great potential. But they should devote a good bit (drill bit, that is, which their parent company has plenty), to proving up resources. Positive cash flow by itself can only do so much for the share price. In no way am I knocking positive cash flow......I think far too few companies have it. They just have to show the market 43-101 proof that they'll have many years worth of it.
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