RE: the value of ISMI can give you my best guess on what's going on, based on the company history.
-The company is in a current position, and actively engaged in insuring management fees are paid promptly along with payments to the landlord, car and office allowances to management., and payments to the investors relations firm. Compensation to insiders is reviewed regularly, and perceived deficiencies in pay are dealt with promptly. Grants of options are also reviewed regularly, even though there has been a recent trend to recognize management contribution with cash payments as opposed to option grants.
-Certain other activities that are dealt with on a sporadic basis, may or may not be under way. This would include drilling, pursuing release of a NI43-101 update, filing dewatering permits, doing environmental studies and identifying potentially affected First Nations and key government and non-government stakeholders.
I think the most pertinent information recently provided by the company is as follows. Based on success and activities to date, this commentary may go down as a major understatement of the potential of this company:
Langmuir Property at Development Stage
The Langmuir Property is at the development stage. The development of mineral deposits involves
significant capital expenditures over a significant period of time, which expenditures and period of time
may be higher or longer than expected. The Company cannot give any assurance that completion of the
development of the Langmuir Property will be accomplished in an efficient, cost effective and timely
manner. Unanticipated expenses or unforeseen delays and other contingencies could have a material
adverse effect on the Company.