Hi Recherche
Management has spent the last several months actively promoting the Lake Hope project... been to Singapore twice and appeared at every available conference. This is uncharacteristic of the usual way these guys operate. They are promoting not pumping.
Things on the horizon...
#1 sign a mining agreement with the native people (needed for mining approval)
#2 More confirmation on process methods of HPA
#3 Drill results on the REE prospect (started drilling this week)
#4 Some indication a possible JV announcement is in the works regarding tenements held around Broken Hill (the same ground which won IPT a place in the BHP Xplor program)
#5 A JV on the NSW gold prospect is in the late stages of an IPO
The active promotion of Lake Hope HPA demonstrates management believe in the project... if they wanted to merely pump something they have plenty of other stories to tell instead.
East Coast Research: Analyst Report for Impact Minerals - HPA Lake Hope Project, page-43
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