RE:RE:RE:RE:RE:palladiumChintzy,
I don’t know anymore than you. I just know that IVN owns three of the best mining projects in the world. It’s very unusual for a junior mining company to acquire this quality of portfolio. It’s a combination of great exploration work, together with an ability to maintain focus in a politically unstable environment.
Carbide is right that that many, if not most, companies are only marginally profitable. That’s why I always proceed immediately to the economic analysis for any project. If cash flow tables are available, yet discounted cash flow analysis (NPV) is missing, this is usually a red flag that the project is only marginally profitable. Then if run an 8%, or even easy 5% discount, it often yields an NPV (Net Present Value) below zero, representing a destruction of capital. Also, look at price assumptions for metals. How realistic are they? A high quality study presents detailed tables and graphs illustrating how price fluctuations impact the bottom line. IVN always has very thorough studies. In my opinion it’s best to skip everything and head straight to the prefeasibilty or feasibility economic analysis. If the economics suck, it doesn’t matter what investor relations has to say.