Looks like their new business model is to spin off or JV their...

Looks like their new business model is to spin off or JV their tenements, using IPT as the parent company. It's very smart b/c each prospecting play can raise its own cash flow for prospecting without draining the fin. resources of IPT. With Invictus, they raised $4 million (oversubscribed) and IPT holds 44% of invictus - with todays deal they get cash and shares and a slice of any upside, but more importantly no drain on IPT cash reserves going forward. Previous press releases have indicated they are in talks to do the same with the Botswara uranium tenements.

From an investors standpoint, owning shares of IPT gives you a slice of every prospecting play (there are eight listed on company website) without the cash drain associate with exploration.

They only have 170m shares out there and limited options - the payroll is small (GM earns about $180K/year) - this business model is conducive to serios upside potential.

One thing is for sure - management are backing in IPT over each indicvidual play. If one of them hits it should be beer and skittles for SP. Took a small chunk today.