Doberman: I met with I-minerals at their office the beginning of May and was satisfied with what I heard, I like to visit the company to see what they are all about, rather thatn talk to IR who is always going to talk up the story.. In this case I was impressed with both IR and the Company. The next step is to get the permit processed and the lawyers are being very careful to address all the issues ahead of time. It is my true belief that this is one of the more important depositis of Halloysite in the world today, although it will take a year to get set up (becuase they are going after the Silica first,) they now realize the importance of the halloysite deposit and have been approached by most of the major buyers. The New Zealand open pit is starting to dry up and another company could not produce in verifiable numbers.
Right now most of us are fairly quiet but do provide info on the site from our research lessons. I am very strong on mining companies that are 2 years or less to production... we are also leaning towards green stocks and potasium plays If you have any questions feel free to jump in and ask away
As far as understanding the penny market, it defies understanding and is a calculated risk at best... a combination of share structure, debt load, management smarts and good luck seem to work.
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