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Iemr Resources Inc V.IRI

IEMR Resources Inc. is a Canada-based mineral exploration company. The Company's principal business activities include the acquisition, exploration and development of mineral properties. The Company, through its wholly owned subsidiary, PineTree Resources Inc. owns a 100% interest in certain unpatented mineral claims known as the Pine Tree copper-molybdenum property (the Pine Tree Property) located in the Pilot Mountains in Mina, Nevada, United States. Pine Tree property contains porphyry, molybdenum-copper-silver deposit and includes approximately 61 mineral lode claims covering an area of approximately 1320 acres located in the Pilot Mountains Mining District in west-central Nevada. The Pine Tree Property is located approximately five miles east of the town of Mina, Nevada, halfway between the cities of Reno and Las Vegas.


TSXV:IRI - Post by User

Comment by Roddiggition Feb 05, 2021 10:04am
55 Views
Post# 32482838

RE:RE:RE:RE:IRI - Proven Copper/Silver Asset In Nevada

RE:RE:RE:RE:IRI - Proven Copper/Silver Asset In NevadaI don't think they would update the MD&A if they didn't have to. Been at this for a couple decades and there is no obligation to update shareholders about doing work programs. The CEO is very wealthy from what I've researched and he has sit on this project for years, waiting for metal prices to go up. Well now is the time, especially with stimulus coming in. As per money grab, once again the CEO doesn't need money. None of the directors pay themselves and G&A cash burn is super low. Having options issued isn't a big deal becuase they need the stock to go up in order to exercise them. Nevada is a safe jurisdiction and the asset is quite valuable. Lets see what year end results have to say.
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