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Ivernia Inc IVWFF

"LeadFX Inc is a Canada based mining company. It is focused on the development of lead-silver projects. The company owns an interest in Paroo Station mine, a lead carbonate mine in Western Australia. Paroo Station mine is the company's principal asset and production stage mineral property. It produces one product, which is lead carbonate concentrate for sale to primary and secondary smelters located in China, Europe, and North America. In addition, the company through its subsidiaries also owns


OTCPK:IVWFF - Post by User

Bullboard Posts
Comment by ElJon Nov 09, 2010 5:05pm
372 Views
Post# 17683096

RE: Strong Q3/ Stronger Quarters ahead

RE: Strong Q3/ Stronger Quarters aheadI wouldn't say exactly "outstanding quarter" due to the !4600 tonnes of contained Lead produced or the 259000 tonnes of ore milled...... my calculation of the eanings per basic share was
.0154 (based on 189.243 million shares currently outstanding), which is certainly a significant step forward and they have a reasonable shot at exiting Q4 at a
.04 rate of earnings per basic share, under current Lead pricing. 
However the overhang of dilution is very significant when we consider more than 530 million shares fully diluted.

This company deserves great credit for their responsible corporate citizenship under the very trying conditions encountered over the past 4 years,

Peace,
Good Decision-making to All,
ElJ
Bullboard Posts