A moment I hope will never come, cos IPR.v still has "buyout" written all over it, and with luck that buyout will happen before IPR starts talking financing with some bank. On this point, the PAH report had another dose of very good news for shareholders (I've had a quick squint at the executive summary, as some fool mistook me for an executive). According to PAH, once the adjusted market values for copper and moly are taken into consideration the new NPV (net project value...aka what the joint is worth right here right now) is U$206m. Now that totally rocks, dudes, because with IPR currently having a fully diluted share total of 62.074m shares, this would mean that each share, right now, is worth U$3.32. If you compare that to the C$1.58 closing price on Friday, you can begin to understand why I like this company so much.
There's more to it than all that, of course. But in any buyout talks, IPR has an extremely strong case to say, "Look, Mr. Minebuyer...PAH totally rocks and is the best in this biz...and they say we're worth U$3.32 a share. So put up or shut up." And somewhat coincidentally (??), I'm pretty sure that U$3.32/share is just the kind of ticket price that block shareholder Eric Sprott will agree to.
So it beats me why you're still reading this post, frankly. Go buy some IPR. If you do, there won't be a single miner worth his salt that says you haven't bought a bargain.
*it was bought the very next day