RE: Life Lessons: What I've Learned From Jr Invest
I appreciate the comments you've made.
I believe the weakness with Aurcana is that the current mine is (was) a mostly zinc mine. With the price of zinc at $.75 they are not going to be producing much cash flow. I guess you've already seen the kind of hit that other zinc producers have taken (SRZ, BN, ADA, BWR). Hopefully that can switch that mine over the primarily copper ore (and the price of copper will hold up). The fact that another financing is looming for Shafter doesn't help.
I really like IPT and its management (which seems to care about the stockholders), but I think its being held back by the fact that there isn't a clear path or timetable to getting to be "mid-tier" (growing up). I think they are stuck in Jr-hell until they have such a path.
Hope it doesn't turn out that way, but that is what I suspect.
Best wished,
Monty