how long before we mine., page-22

Dratoz,

That is typical of most analysis by banks.

Risk has got everything to do with fundamental value, and very little to do with size.

So, if IGR had a MORE expensive mcap, they would loan against it, but at the moment it is too CHEAP. - yes, that makes a lot of sense. :)


I remember a couple of years ago requesting of my bank that they might like to loan against Mincor at under $1, when they were loaning against Salay Malay who had an almost profile in every respect, including mcap. They, of course, declined.

Well, nickel soared, the stock soared, and they eventually got on board once it was well over $2! It had become nicely expensive enough for the institutions to start buying/lending against.

Just one of the many advantages of being a 'small' investor - you are not bound by stupid and illogical rules and structures that get in the way of value investing.