Happy New Year to the IDM followers. It's my first glimpse of...

Happy New Year to the IDM followers. It's my first glimpse of the market and the H.C. posts after having a nice break.

FGB,

It's a vote of confidence no doubt. John Mears is a director of IDM and is also Sentient's chief geologist. He lives in Vancouver which is a 90 minute flight to the plant via Portland. Now being a director he would be heavily involved with the plant upgrade and the signing of this cheque of $1.5m. These boys are here for the long term and are fully aware that at full speed this project could generate very high returns.

Just with your question, here's that answer.

The Sentient Group | About Us

The Sentient Group manages over US$2.3bn in the development of quality metal, mineral and energy assets across the globe through.

Sentient's professionals have long experience in the natural resources and investment industries and possess a combination of skills covering geological exploration, commodity analysis, political risk, capital markets, financial structuring and portfolio management.

Investors in Sentient's funds are institutional investors typically representing university endowment funds, corporate pension funds, family offices and resource industry participants. The global spread of investors complements Sentient's global mandate.

The Sentient Group | Investment Strategy

Sentient is a development investor. Its ultimate objective is to participate directly in underlying metal, mineral or energy projects. However, it will take equity placements in listed companies that are the majority owners of an asset as part of its overall strategy. As a matter of policy, Sentient does not make hostile acquisitions. Sentient also invests in refinancing and expansion opportunities at existing operations that have the potential for further growth. Projects are expected to be low cost and profitable across the business cycle and offer commensurate returns for the risks involved. Sentient typically seeks potential high return projects with companies that have committed and talented management.

Sentient invests its investors' capital in a 'step by step' manner in line with the capital needs of the project through its development and commissioning phases. Sentient has the ability to invest capital directly from the funds it manages, or on a larger scale through co-investment with investors in the Sentient funds where the opportunity warrants it.

The Sentient Funds expect to hold their investments for the medium to longer term and seek to have a significant but minority position in each of their direct investments. Investments are structured according to the individual project and company circumstances.

The Sentient Funds are engaged investors and are actively involved with management through board representation. Sentient monitors the performance of the portfolio companies through frequent communication with management and regular analysis of monthly financial and operating results. Sentient is able to provide advice regarding financial matters, including the evaluation and implications of acquisition and divesture opportunities, strategic and long-term planning, and refinancing options.

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Combine them with the Macquarie Metals and Resource division and you've got two parties that own 50% of this project.

...and when the millionaire's factory is onboard, it's worthy of researching.

Pep