Thus knowing that Eric sees Inca Pacific and its large copper/moly project at Magistral in Peru the same way as me keeps me warm at night, but there is a downside. Sprott isn't the kind of dude who will sell his stock back to an eventual buyer for a 10% gain or similar; in my opinion he won't part with his large chunk of IPR for under $3, and even then I'm probably lowballing the deal. So with the stock fiddling around the $1.50 to $2 range, a potential buyer will not be interested in paying such a high premium to current market value, methinks.
It's a bit of a catch 22, no? The low volumes and low profile of IPR mean it doesn't get the hype machine revved up behind it. But on the other hand, the largest (by far) of the shareholders knows IPR.v is worth a lot more than the current PPS and has the zen-like patience to wait until the rest of the world works it out.
But fortunately, the story of this junior won't be one that drags on for years, as there are a couple of natural deadlines coming. The next one will be when the environmental study is (presumably) approved and the project goes for funding (it's had some positive comments from guys in suits), and the final limit is the 2011 date the gov't of Peru has put on the project; basically use it by then or lose it....and nobody's going to lose that much copper and molybdenum to a piece of legal paper. But by then, IPR.v is bound to have sold out, and that is bound to be at a price that Eric Sprott likes. Even now, there are several miners that have made it pretty clear to the local jungle drums that they're interested in IPR. I don't know how far down the line any takeover offer is right now, but I know I can wait until it (or even they) come along.
So as mentioned before, keep IPR.v on your radar. And while I have your interest in the stock, go have a look at its website, linked right here.