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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (58420)	8/1/2006 6:30:52 PM
From: zoo york	Read Replies (2) \| Respond to of 313001

Hi Loantech! It was the Jennings report that I read on GPR. I have had my eye on GGC lately since it has come down in share price along with the rest of the sector. GGC is processing higher grade ore, but they have still only proven up enough resources to stay ahead of current production, which is the problem with many other juniors, including one of my favourites IPT. SPM is solid right now because they have about 5 million tons of ore with most of the underground development in place to allow for full production once they are finished constructing their mill. That and the large cash position in the treasury make the story very safe to own long term. IPT is appealling to me because they control an entire district with over 100 past producing mines, and currently have 2 mines in production. They also have a strong cash position after the last PP was completed, and an in-house drilling division to get priority drilling services. So I think IPT could become a very hot stock if they are able to find more ore shoots in the 3,000-5,000 g/t silver range. Fred Davidson is a no-nonsense manager, and he is going about the business of getting their operations in line right now, but by the end of the year I think they will be in position to ramp up production and start building quarter over quarter financial growth. The outstanding hedge commitment is settled, or soon will be, and the company will be fully leveraged to the metals prices going forward. I am supposed to be flying to Mexico in the next week or two to visit the Royal Mines project but I am waiting on confirmation from Fred. cheers! COACH247