Three Crown Jewels#NoFreeSharesForPirates
These are the most prospective copper, zinc, and PGM projects in the world. In all my decades looking at mining companies, I've never seen anything like it. One of these projects would be terrific. Three is unheard of for a small exploration company like IVN. All three will go into production and make huge profits. Start up costs are not that high, especially if they bootstrap expansion from profits earned on the smaller 4 Mtpa models. Those profits can then be funnelled into economies of scale. There is no need to issue cheap shares. Both retail and institutional shareholders will keep the faith and hold out. Volume is low, only 5.6% of shares out since Jan 31. Many, if not most, of those trades would have been continuously recycled by active traders and programs. Despite the meltdown, there has not been any rush for the exits. So management should keep the faith as well, by not issuing cheap shares and options. The best management sets the example for others to follow.