OTCPK:IVWFF - Post by User
Comment by
SAMITHEBULLon Aug 31, 2003 11:28pm
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Post# 6370125
RE: Summary of Shareholders Meeting
RE: Summary of Shareholders MeetingI asked that same question about hedging, and Alan is of the opinion
that it won't be done.Why? like you siad, IVW along with the rest of the metal markets are expecting firm and increasing prices going forward.
IVW will make money on this project,the winfall is going to come from all the reserves that are yet to be discovered in the area.
That will propel IVW to another level, since by that time they will be already a producing mine.
One further thing that i forgot before, they will be able to almost double their capacity with min costs going forward because the equipment(used for only one year by a gold mine) being put in place was built for a larger mine.That is why when they do add to their reserves,it will be EXTRA money in the bank.
cheers
samithebull