Ivernia Inc IVWFF

RE: Ivernia share price-Lead price correlation

[ElJ]

Good post, as usual, GBH.  However when you say....

"But even at that point I still probably wouldn't buy as for me the largest uncertainty in investing in this stock is how their profit margins will pan out.'"........

I submit that when Ivernia announce or publish their "new operations numbers" in a context of full re-commenced production, one will be potentially late to catch the major portion of anticipated share price increase from current $0.80 region. 

Also
(a) there was an interesting profile in commodity price for Lead during 2007, especially starting in mid-June(example June 14 close $1.0569 per pound....Friday July 13, 2007 $1.3676 / pound, October 15th,2007  $1.7862 / pound).
(b) if the concerns over lead contamination across the country at Mount Isa  results in any interruption in the 170,000 pounds per year of lead product from there, the price of lead will enter a new trajectory IMHO. 
  
I suggest that in addition to "maintenance-state" costs and production cost increase at Ivernia, their share dilution during the past 12 months also has significant impact on all new evaluations of Ivernia.,

Peace,
Good Decision-making to All,
ElJ