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We have a BIG winner!!!
Any educated guesses as to why we are creeping back up here? Like someone else said, I actually never thought we would even approach .50 again and here we are.
Ah. Thats correct. Thanks.
This form has a deadline and just want to make sure my ducks are in a row here.
Do we have to purchase new shares or can our old shares be converted. Example of 5000 old shares are now equivelant to say 500 new shares or something like that?
Anyone else get the packet in the mail for the rights offering? I received instructions to rights offering form for beneficial holders in the mail. Im kinda curious if others have gotten theirs yet. Just what is it that should be done with this form under the current circumstances? Any info would be greatly appreciated. Thanks.
Yo,Yo,Yo, Here we Go!!!!!!!
Blue Nose Plan of Operations Drilling Completed
Date : 09/14/2010 @ 9:15AM
Source : PR Newswire
Stock : Infrastructure Matls Corp (BB) (IFAM)
Quote : 0.17 -0.02 (-10.53%) @ 4:01PM
Blue Nose Plan of Operations Drilling Completed
Infrastructure Matls Corp (BB) (OTCBB:IFAM)
Intraday Stock Chart
Today : Tuesday 14 September 2010
Click Here for more Infrastructure Matls Corp (BB) Charts.
Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the completion of drilling and initial assay results on the Blue Nose Project under the Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 14 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.
The completed Plan of Operations drill program consisted of 28 holes for a total of 17,000 feet. Earlier drilling phases included an additional 13,000 feet. Drilling has offered a better understanding of the two units of limestone that make up the Monte Cristo Formation on the Blue Nose Property. Drilling indicates a 100-150 foot thick upper limestone unit with a moderate amount of silica needed for cement, and a lower high grade white limestone formation that is 400-450 feet thick. As expected, the bottom of the Monte Cristo Formation represents a thick dolomite bed.
Initial assay results from the first five holes received (BNR-37, BNR-38, BNR-42, BNR-43 and BNR-44) of the Plan of Operations Drill Program are encouraging for limestone suited for cement production. Below is a brief summary of the grades of calcium carbonate (%) over depth in these holes:
- BNR-37: 55'-60' - 100%; 75'-190' - 93.87%; 200'-220' - 100%; 225'-
245' - 98.32%; 255'-515' - 100%; 525'-530' - 86.22%
- BNR-38: 260'-265' - 83.46%; 290'-295' - 82.52%; 300'-330' - 90.64%;
345'-355' - 92.14%; 395'-425' - 92.38%; 430'-450' - 96.75%; 455'-
585' - 88.83%; 600'-650' - 90.19%; 660'-715' - 92.09%
- BNR-42: 0'-145' - 100%; 150'-195' - 97.95%; 295'-315' - 86.23%; 330'-
340' - 91.44%; 375'-380' - 96.55%
- BNR-43: 0'-145' - 97.33%; 165'-175' - 96.46%
- BNR-44: 10'-25' - 88.19%; 30'-70' - 95.15%; 75'-170' - 89.56%; 175'-
185' - 90.35%; 220'-225' - 88.91%; 225'-260' - 98.99%; 265'-290' -
89.21%; 295'-305' - 89.95%; 310'-335' - 100%
Once the remaining assay results are received from the laboratory, the Company will proceed with building the cross sections and assay files for the resource calculations that will be conducted by Mine Development Associates, Inc. of Reno, Nevada. In the meantime, the drill holes are being surveyed to accurately locate the drill collars. With this information added to existing topographical maps, Management expects to have an accurate measure of the resource base and plans to proceed with the development of a mine plan.
Results from this phase of exploration for the Company represent the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Arizona, Nevada, Idaho and Utah.
Management is encouraged with the timing of the development of the Blue Nose project. On September 6, 2010, President Barack Obama proposed a six-year plan to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts. He was quoted as saying at a labor rally in Milwaukee,
"We are going to rebuild 150,000 miles of our roads -- that's enough to
circle the world six times.
... We're going to lay and maintain 4,000 miles of our railways -- enough
to stretch coast-to-coast,"
The federal government's focus toward infrastructure spending is well timed. In the American Society of Civil Engineers' "2009 Report Card for America's Infrastructure," the ASCE graded the U.S. infrastructure as "Poor" and estimated "that $2.2 trillion needs to be invested over five years to bring the condition of the nation's infrastructure up to a good condition."
Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information. The reader is cautioned not to place undue reliance on forward-looking statements.
The reader is also cautioned that the Company has not determined that it has a commercial body of ore. The term "resource" is an estimate and is not a term that is recognized by SEC guidelines. A "resource" must be further defined and the Company must undertake a feasibility study of the results (if a feasibility study is warranted) to determine whether an economically viable reserve exists at a property.
SOURCE Infrastructure Materials Corp.
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Lookin for a double in the near future with BMOD. Currently around .19. Price target is reported to be in the $1.00 range. Good news expected to be coming out soon.
Sent off 5200 no's yesterday!
One thing is for sure. Cant go much lower than where we are right now. Cant hardly go wrong at these prices and with a real company.
Has anybody at all picked up any .0001's? Please let me hear from you. I dont mind slapping ask as long as no triple 1's are available.
Just wanna give ya a heads up on a good stock to short. That is TRMA. They keep throwing out bankruptcy and reorganization blah blah blah. If I knew how to short I would be throwing all sorts of money at it shorting this one. Seems like an obvious money maker to me. JMHo! Honest Abe.
Float outta be gone soon at this rate of buying!
MUTM double again boys! .0002-.0004! Ill take it!
Woohooo! after such a long drought this is getting fun,eh boys!
wow. thats actually good to hear! Im locked in and loaded!
okie, just checking. you in at .0002 or .0003?
MUTM, More power to ya! Thanks Quickie. Is it o.k. if I call you Quickie? LOL!
So much momo here its feeling like a freight train!
Send me a PM on your thoughts on MUTM. Thanks.
Hey bud you already out of MUTM?
Has the ask been to .0005 today? Ive been in and out. How we looking as far as eating up the float?
Great news. I like!
MUTM reverse Merger rumors. Check it out.
ZIPZ, the calm before the storm. ITS COMiNG!
Hey guys, take just a moment to do some quick DD on IFAM and tell me what you think of this company. Read some of the news etc. This is a very legit company about to be in the cash BIG time. Yet seems to not have many followers whatsoever. Is this a hidden diamond in the rough or one just not worth bothering with? If I would have and did mention MUTM to you guys a couple months ago nobody could have cared less, now everybody(almost) on board with it now. Stay cool, keep the faith! Give me some feedback. Thanks guys!
Heres some more to consider, this is legit. Get your positions now before the insiders keep snagging it all up!
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Blue Nose Plan of Operations Begins
Aug 16, 2010 09:15:00 (ET)
RENO, NV, Aug 16, 2010 /PRNewswire via COMTEX/ -- Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the commencement of drilling on the Blue Nose Project under the recently approved Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 20 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.
Drilling under the Blue Nose Plan of Operations involves grid drilling in a 500 foot drill center pattern to depths that range from 300 to 1,200 feet, depending on the nature of the limestone beds. In addition to drilling, the Blue Nose program includes road building, blasting, assaying and additional technical staff. To ensure that the program progresses in the most timely and cost efficient manner, two drills will run around the clock with an expected program duration of 35 days. Ensuing assay results are expected to take 2 to 4 weeks to process. As of August 11, six drill holes had been completed with depths of 400 to 800 feet in the northeast portion of the project area and the program is progressing within budget.
This next phase of exploration for the Company represents the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Nevada, Idaho and Utah.
Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. This release also contains statements based upon historical records pertaining to our mineral claims that have not been verified by the Company. The term, "resource" is not a term that is recognized by SEC guidelines and does not rise to the level of certainty required by SEC guidelines. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE Infrastructure Materials Corp.
Ive been watching this one since it was at .75 about a year and a half ago. Steady declines since then. I have made money on bounces with this one in the past. This time its gonna be a steady climb upward. Im locked in currently at .0003. I of course would have preffered to be in at .0002 or less but hey what the heck. Give me a guesstimate on what this might go to this week.
Hey quikie, interesting to see you over here. Do you see something good? This baby can only go up from here! Cant hardly go wrong. Lotto for sure but as they say, cant win if you dont play! GLTU!
Well, what did they have to say?
Keep it comin. Got any more?
MUTM volume surge on rumors of news. Back from the brink of oblivion.