UFO - 04/01/99 18:45:49
To: ALL RE:IBI
Comments:
NO HYPE, JUST FACTS..... THESE ARE IMPORTANT FACTS THAT CAN BE CONFIRMED BY CALLING IBI DIRECTLY. THESE FACTS ARE
WHY IBI IS A STEAL AT CURRENT PRICES, AND WHY I AM CONFIDENT THAT THE PRICE WILL GREATLY IMPROVE AFTER THE RIGHTS
OFFERING CLOSES APRIL 6........ · 2.73 million tonne vermiculite deposit · 40,000 tonne per annum production · generating $8,000,000 cash flow in 12-18
months · $3,440,000 profit annually · 8.5 million tonne reserve of phosphate · 20 million tonne resource of phosphate · 290,000 tonne "local" market serviced by
imports at $400-$750/tonne · 40,000 tonne/year production increasing to 160,000 tonne/year production in 18-24 months · Sellers market at $250/tonne generates
$10,000,000 cash flow at 40,000 tonnes $40,000,000 cash flow at 160,000 tonnes $4,000,000 profit at 40,000 tonnes $16,000,000 profit at 160,000 tonnes · 4
cents buys a unit consisting of a share - 1 share at 4 cents ($727,000) - 1 full warrant at 6 cents ($1,100,000) - 1/2 bonus warrant upon early exercise of 6 cents
warrant (June 30) - 1 full bonus warrant exercisable at 10 cents until June 30, 2000 ($910,000) · Merrill bought 30,000,000 rights last week · East African
Development Bank prepared to lend on a 1.8/1 debt equity to go into production UFOPost taken from IBIC page: |
