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Inventus Mining Corp V.IVS

Alternate Symbol(s):  GNGXF

Inventus Mining Corp. is a Canada-based exploration company. The Company is focused on the development of its gold and critical metals projects located east of the world class mining district of Sudbury, Ontario. The Company holds two 100% owned projects, Pardo Gold and Sudbury 2.0 Polymetallic Gold. The Pardo Paleoplacer Gold Project is located in Ontario, Canada, approximately 65 kilometers (km) northeast of the mining district of Sudbury. The Pardo Project consists of a 3.8 square kilometers (km2) block of mineral leases and 180 km2 of mineral claims covering the target paleoplacer geology. The Sudbury 2.0 Project is located east-northeast of Sudbury, Ontario. The property is accessible by road. The Sudbury 2.0 project consists of 240 km2 of mineral claims covering the Temagami Anomaly. The Company owns a 100% interest in the property. In addition, the Company, through Conquest Resources, holds claims to the east of the Sudbury 2.0 Project Area.


TSXV:IVS - Post by User

Bullboard Posts
Post by absolute27on Dec 06, 2016 3:57am
186 Views
Post# 25558532

They did not pay too much

They did not pay too muchNo poll necessary. They did not pay too much. The jv is all the value in co. Simple as endurance had 35 percent of project with opportunity for more as they continued to participate. The deal got them 25 percent and some cash. It's a fair deal but not a premium deal. Very strong for Ivs. Ivs received the better of it but endurance still participates significantly. It's a deal which should have moved the stock through 30 cents even in this environment but then again the world is upside down. We will wake up very soon to Ivs through 50 cents and wonder why we didn't buy more. I can't buy more due to a little cash flow situation lol. 
Bullboard Posts