There is one hell of a lot of information in that update, which begs the question: why didnt they issue a more regular stream of info highlighting a few of the prospects? To me it seems the company missed a great chane to keep the market interested with more regular news flow...

I am excited about so many points in that update and I will be re-reading it a few more times. But I think the key point is this quote:

"The exploration budget for 2008 has been more than doubled in order to put some of the 700+ known prospects at the Zacualpan and Mamatla districts on a faster track to potential production. The exploration program will be funded through existing cash balances." - ENDQUOTE

I mean its great that IPT more than doubled production throughput at the mill in just the second year of operations, but the excitement for this stock comes from the discovery potential. Who the hell has 700 old mine workings on any project, anywhere else in the world? Its off the charts. And IPT has the qualified personnel, and the access to drilling to put it all together. Nothing like a strong balance sheet to allow for aggressive work.

cheers!

mike

Voluntary disclosure: IPT is a paid advertiser on my website, and I have been a shareholder for about 3 years.