IPT is a silver focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan Silver District; the 200-square-kilometer advanced Mamatla Silver District and a portfolio of projects in the Zacatecas Silver District.
I am currently holding 3500 shares of this company. This is not the first time that Ive owned IPT and certainly will not be the last time.
Operational Profile:
2009 Silver Production: 825 000 oz of silver (+30% compared to 2008)
O/S: 52 million FD,
15% institutional holders,
6.6 million shares held by Energold Drilling(TSXV:EGD).
Debt: 0 $
Land Package: 100% owned 472 Km2 in the Zacualpan and Mamatla Silver Districts which are located in the southern portion of the Mexican Epithermal Silver Belt.
Observations
I love 2 things about this company, First is their rapid mine development, it takes them 12-24 months from discovery to production. The Noche Buena mine began production this month (it took 15 months). Second, they are one of the few consistently profitable junior minors year after year without having to go in debt or issue shares in order to grow.
Silver prices rallied from 16.50 an ounce in March to 18.50 as I type this! IPTs price last closed at 1.08 on Friday compared to 1.06 in the beginning of March.?? Needless to say, I expect a nice rally in this one to catch up.
Back in March 2009, the company voted a shareholders rights plan designed to protect shareholders from unfair, abusive or coercive take-over strategies including the acquisition of control of the Company by a bidder in a transaction or series of transactions that may not treat all shareholders fairly nor afford all shareholders an equal opportunity to share in the premium paid upon an acquisition of control. This plan expires in 2012. This could be perceived negatively because you know a takeover is not welcome before 2012. On the other hand, if they keep their course, a takeover after 2012 is more profitable than if it happens today for example. In my opinion, this is one of the best junior silver producers to own.
Disclaimer:
I am currently a shareholder of Impact Silver Corp. I was not paid any fees to feature this stock. I am just sharing my research. Please do your own due diligence before buying or selling any security.
