OTCPK:IVWFF - Post by User
Comment by
ElJon Aug 18, 2010 11:28pm
396 Views
Post# 17363829
RE: RE: I'll take that
RE: RE: I'll take thatThere are a number of issues that Ivernia faces and many have been addressed in a straight forward manner in their August 2010 Sedar postings...examples:
- Plant operation stability and associated recoveries as ramp-up continues in H2 of 2010
- Cashflow indicated to become pos. towards the end of Q3, 2010.... my own model estimates use Ore Milled at 355K tonnes ; recovery at 77% ; Lead sold at approx. 35 million lbs. ; LME avg. Lead price per lb. during Q3,2010 projection at
.92 ; Revenues incl. Q2.2010 adjustments projected at approx. $39 million ; Loss before Taxes for Q3,2010 in the region of ($-1.75 million) ; Operations Cost per lb. at
.72 and Total Cost per LB. at
.85
At 189.243 million basic shares these numbers would indicate a Q3,2010 loss per basic share of (-
.006) and a profit in Q4, 2010 of approx.
.016 per basic share.....ongoing circumstances and updates can obviously change these projections based on model input updates.
- Re-emerging from bankruptcy type circumstances, the DILUTION at
.11 per share conversion rights that financial re-organization introduced is a significant issue to any potential or current shareholders and this dilution is addressed in very real and straight-forward manner in the Sedar M&A posting.
- The balance projected in World Lead Market and the fact that China, at 45% of world Lead demand, is the market driver for Lead which is projected to be in deficit in year 2012, is another interesting consideration.
Ivernia is a company on my mining monitoring list at this time, but I believe is fully valued at
.30 over the coming 5 months to the end of 2010. The price of Lead commodity during 2011 and onwards is the potential attraction
Peace,
Good Decision-making to All,
ElJ