Innovation Pharmaceuticals Inc (IPIX)

[Amatuer17]

In your example you considered large deposits of rare minerals which is measured based on some established techniques.

In case of IPIX - P and K potential is pure speculation. P potential is so low that Leo has not paid CRO to get the results for 10 months.

K is just speculation. After 5 years it has not moved past phase 1. It will start new phase 1 in healthy individuals. It is like starting the survey and testing of soil to see if the rare mineral even exists.

So while analogy is good one it is out of place to apply to a biotech that is more gamble than science.

B works on gram +ve bacteria only which has competition and not unlimited potential.

In summary - it is not as much a mine.