I should update the info in the article, to point out that IPT has now identified over 400 historic mines and workings on their property holdings. That is an amazing number, and consider that the company has only drill tested fewer than a dozen of those targets, yet has been successful to outline new high grade resources in the old vein systems, including 3 that are now being developed to recommence production.

In addition, the company recently reported that the average daily throughput at their mill is now more than 300 tpd, a significant addition to the 200 tpd range that was running when I wrote that article.

A final note, all of the warrants that were outstanding earlier this year have now been cashed in or expired. So the company has several million dollars more cash in the treasury, and there is much less cheap paper overhang to hold up the stock on the upside.

cheers!

COACH247