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International Prospect Ventures Ltd V.IZZ

Alternate Symbol(s):  URANF

International Prospect Ventures Ltd. is a Canada-based natural resource issuer involved in the process of acquiring and exploring mineral property assets. The Company uses its wholly owned subsidiary Valroc Ventures Pty Ltd (Valroc), a New South Wales company, to carry out business in Australia. The Company holds 14 tenements (eight exploration and six prospecting licenses) totaling approximately 11,790 hectares in the Eastern Pilbara; all 14 tenements, referred to as the Mosquito Creek Properties (MCP), overlie prospective areas of the Mosquito Creek Basin (aka Mosquito Creek Formation). The Company holds one exploration property in Canada (Porcupine Miracle Prospect). The Company owns a 100% interest in the Porcupine Miracle Project which (gold) comprises nine claim cells located in Langmuir Township in the Province of Ontario, Canada. The Property is subject to a net smelter return (NSR) royalty in favor of 2973090 Canada Inc, equal to 3% of net smelter returns.


TSXV:IZZ - Post by User

Post by cigarbuttson Nov 14, 2017 1:09pm
274 Views
Post# 26960826

TeaTimeNow

TeaTimeNowWhen you call Glenn and ask for the maps..............Ask him why he does not sell a little RZZ from time to time,  and use the $$$ to buy back some GZZ from time to time,  dollar for dollar,  as long as we don't have to pay cash taxes on the RZZ sales?


Reason being,   GZZ trades at a 36% discount to the value of its RZZ stockholdings,  right now,   and have been at about the same discount more or less for the past few years,  and Glenn M.  and the brain trusst running GZZ have not taken one little bit advantage of this.

I am giving no value to our royalties and shareholdings in these subs,  like IZZ.

Alternatively,  ask him why we don't just merge GZZ into RZZ at the fair value exchange of shares basis,  and ELIMINATE the dublicate G&A structures,  options,  warrants,   salaries for mgmt and BOD,  and just sell or spin the royalties and sub companies into a seperate entity or othe public royalty vehicle? 

I am tired of the double dipping here at GZZ/RZZ by Glenn and CO. ,  mgmt and BOD. 
I see about zero value added by this team,  whatever we have gained has been lost in fees and G&A  IMO!!
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