After reading the INL March 2007 quarterly followed by PW's presentation to Macquarie Bank the message from INL's management team is simply "The best is yet to come".
Can we begin to understand the production revenue expected to be generated from HZCP & IHRP from 2008? I would expect an announcement from INL shortly providing the economic value of the IHRP & the additional BSM ore processed by the HZCP.
The market IMO is on tender hooks not sure whether to load up now or wait until all is disclosed. For all the long term holders currently in INL the expectation is that this stock will be a multi bagger (HC terminology) as the IHRP will be the driving force for the company to achieve massive revenue numbers from future projects overseas.
At present we have a rising POZ ($1.79) USD & POL ($0.94) USD, this along with the HZCP production which is effectively producing at forecast levels adding a very handy $21 – $25 million EBITDA.
IMO the Macquarie Bank research paper will suggest in no uncertain terms that INL = STRONG BUY.
Regards
SDV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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