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Gold/Mining/Energy : IMPACT Silver (IPT.V)

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To: TheSlowLane who wrote (73)2/18/2010 12:34:50 AM
From: zoo york  Read Replies (2) of 190
 
It sure looks like we have strong support at a buck now. I think IPT is a good stock to hold because there have not been any new share issues for at least a couple of years and the structure is still very tight. There is no overhang of cheap paper to hold the stock down, and buyers get more active on the price dips.

IMP the catalysts for a break to the $2 level could be a rise in silver to the $20 range this year, or if we get news of another big discovery zone as the drills keep turning at Zacualpan. There is also some development news in the pipe, as I expect we will be hearing of at least one new mine commencing production this year, and drawing the company closer to that magic 500tpd production level at the mill, which would probably be sufficient to set-up record earnings.

cheers!
mike
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