Iemr Resources Inc V.IRI

RE:RE:RE:RE:RE:RE:IRI - Proven Copper/Silver Asset In Nevada

[Roddiggiti]

All future work/updates aside, the company itself is worth more than 3 cents or just under a $3 million market cap. The cash + shell alone is worth 2-3 cents, no value given on a proven multi billion dollar Copper/Silver asset in Nevada. 

I agree, it does seem ridiculous to have a dormant public company when the main shareholder has the ability to just take it private and get the asset producing by itself. But my logic is that because it's a large foreign player, they are able to acquire other assets through a public vehicle much easier, rather than just outright buying it privately. There are too many restrictions that try to prevent foreign ownership and this is an faster way to get access to assets across the Ocean. Would be nice to see the company add some new properties as that would match their most recent description statement that they posted in the October news release.