IMPACT Silver (IPT.V) Message Board

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

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From: zoo york	11/18/2010 12:19:21 PM
	2 Recommendations of 182

I spoke with Fred Davidson this morning to try and get a piece of the PP. The deal is already fully subscribed, mostly by institutional money so I may be out of luck. But I did get a chance to ask a lot of questions about the status of the operations. Further to some of the discussion posted here earlier, Fred plans to develop Capire/Aurora starting with a smaller operation just targeting the high grade, near surface part of the deposit. He thinks they can access ore with average grades of 300 g/t silver that is just a few metres below surface, and make money on a small scale. The second phase of development will involve an intense drilling program to outline a larger resource that is more base metals rich, and then upgrade mining and processing to a goal of 2000 tpd. I mentioned the cost issues and Fred says they have expectations down to the penny on what their costs will be, and he is confident they can make money on a small scale start up. Meanwhile, the current mining is running about 400 tpd through the mill and Fred thinks they could hit maximum capacity of 500 tpd within a few months. I think this will help to generate a strong improvement on the bottom line as this increased production level can be achieved for an entire quarter. The PP will raise enough cash to pay for the new development plus the additional exploration work. This will help the company accelerate growth by several years from what they could achieve just on funding generated organically. But it will also bring in some institutional support that will help to market the story, which is something that IPT has been lacking in the past. I think improving financial results, stronger growth, and more analyst coverage, are three factors that can rapidly increase the share price. I have been long IPT for many years and it is my largest holding. cheers! mike

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