Watch carefully...I heard Betrand Bolduc speak last week to the Club canadien de Toronto. Sharp guy, with good knowledge of the industry, and a smart team behind him. Members of the audience had worked with him before, and he appears to be a hard-working guy, with good character.
The proposed MIP business model makes sense, and is very similar to one used by the exploration companies in The Discovery Group (BMC, CBR, KAM) who use funds from mining and smelting operations in Australia to carry on exploration here in northern Canada for gold, platinum and nickel. This relieves them from going to the market, diluting current shareholders stakes. The companies can be better valued using their income statements and balance sheets.
I have MIP on close watch, because the next six months will tell the tale; with a good line of approved marketable products in the pipeline, it will help with cash flow management.
CrNiFe
Toronto