world's best undeveloped ni sulphide project

Words from the MD? One of the world's best!!

For those hoping to get into one of those nickel/copper plays before the share price rush has started, I think IXR deserves a close look.

From the latest announcements

*IMX reports high-grade massive sulphide intervals including 1.25m @ 16.3% nickel within wide intersections of disseminated mineralisation at Ntaka Hill

*These results suggest that Sleeping Giant and L zone are linked and that high-grade net-textured to semi- massive mineralisation has been found in the footwall at the western end of Sleeping Giant.

*Further assay results from late season drilling are pending.

In addition to the incredible potential here, the company has

*With cash in the bank at the end of the September quarter of $19.2 million,
As it stands we have no debt, whilst at Cairn Hill the operation has demonstrated improved margins and strong demand for its product from our customers. We anticipate continued strong cash flow from Cairn Hill throughout 2013.

Yes. They are already a producer so exploration costs should be self funded.

The boss said it best with his summary

'IMX now owns and controls one of the world’s best undeveloped nickel sulphide projects, we have an iron ore mining operation that generates in excess of $200 million revenue per annum, we have a clear intention of commercialising our investments and non-core assets, and we have a very clear strategy to deliver growth.