I agree with all points here and thankful to you for adding a another viewpoint as an investor I respect that. With regards to production we will see an increase JORC come next quarterly and yes there will come a point that production will slightly become thin unless they extend their stated JORC as they've planned and reported in quarterly.
After chatting with the director a few months back and before investing heavily into IMA he mentioned they are looking for an acquisition that is also stated in annual report for a pivot point or expansions into new area or within same resource. With their background I'm guessing they would be looking for a close to be mined resource or resource already in production phase.
Also to take into consideration is that IMA will have around $70 mill cash with updated forecast today in their next quarterly and under $20 mill debt.
This will bring their EV to a very low 130 million based on 184 mill MC and cash of $50 mill next quarterly which is amazing value considering they will be cash flow positive and no debt within next 6 months. Pretty amazing year ahead for IMA imo
