[Vision2020] Why there was not a county wide mineral extraction
moratorium!
David M. Budge
dave at davebudge.net
Fri Mar 4 09:09:16 PST 2005
I don't know Mark. I see this kind of talk everyday on several of
thousands of
stock bullitan boards in the penny-tock realm.
The Toronto Stock Exchange is where very highly speculative money flows
through on all sorts of high risk ventures. I can't call it a scam from
what
I read here.
That's not to say it isn't, but I just don't see it yet.
It seems the over riding issue may be that it is in the extractive
resources sector for you
Palousers. Is the Helmer-Bovill venture in Helmer/Bovill or is it
closer to Moscow?
Are these the guys at the Naylor Farms? I'm just curious.
db
Mark Solomon wrote:
> For a good read on what a scam this company is, go to this bbs for IMA
> investors. I think it was WC Fields that said,"There's a sucker born
> every minute."
>
>
> http://www.investcom.com/cgi-bin/redir.cgi?url=http://www.stockhouse.ca/bullboards/forum.asp?Symbol=IMA%26table=list&frame=frame/house.html
>
> Mark Solomon
>
>
> At 1:17 PM -0800 3/4/05, Art Deco wrote:
>
>> Why there was not a county wide mineral extraction moratorium!
>
>> Can you spell corruption?
>
>>
>> Art Deco (Wayne A. Fox)
>> deco at moscow.com <mailto:deco at moscow.com>
>
>> <http://www.imineralsinc.com/> <http://www.imineralsinc.com/>
>
>> <http://www.imineralsinc.com/> <http://www.imineralsinc.com/ir/>
>> <http://www.imineralsinc.com/ir/newsroom/>
>> <http://www.imineralsinc.com/president.html>
>> <http://www.imineralsinc.com/#clay>
>
>> 2004 President's Message
>>
>> In 2004 we built upon our accomplishments of 2003 to leave
>> i-minerals inc. poised to take the Helmer-Bovill
>> Feldspar-Quartz-Kaolin project to the next stage in the
>> development process - feasibility.
>>
>> In October 2003, coincident with the closing of a private
>> placement, the Company received TSX Venture Exchange approval of
>> our property agreement with Idaho Industrial Minerals ("IIM").
>> Securing Exchange approval of the agreement was an important
>> milestone for the Company as the filing had been ongoing since 2001.
>>
>> In December 2003, the State of Idaho approved the Mineral Lease
>> applications and issued the Company Mineral Leases. The
>> combination of Exchange approval and the State of Idaho granting
>> of Mineral Leases has created legally binding, regulatory
>> approved property rights that resulted in a solid land tenure for
>> the Company in the Helmer-Bovill property.
>>
>> In January 2004, we completed the name change process approved by
>> the shareholders as part of the October 2003 Annual and Special
>> Meeting of the shareholders. While this may seem insignificant
>> on surface, it is an important development for our marketing
>> initiatives. Like all industrial minerals companies, we must
>> identify and approach prospective customers and convince them of
>> the Company's service, the product's quality and the
>> transportation advantages we offer. We believe the "i-minerals"
>> name reflects the Company's business practices and can be readily
>> branded making it easier for our marketing staff to approach and
>> engage the major corporations we seek as customers.
>>
>> Coincident with seeking Exchange approval of the property
>> agreement, our geological staff, led by Dr. James G. Clark and A.
>> Lamar Long began geological modeling to define the factors that
>> controlled the mineralization at Helmer-Bovill. This entailed
>> countless hours of field mapping and re-logging of drill cores
>> from previous drill programs and detailed petrographic analysis
>> of samples from rock formations throughout the property. Based
>> upon this thorough work, we built a geological model that
>> explained the zonation of the minerals of economic interest and
>> offered predictive capabilities as to where we might locate
>> greater concentrations of sodium feldspar vs. potassium feldspar
>> and where we might expect to locate additional kaolin mineralization.
>>
>> To confirm our belief in the viability of the minerals of
>> economic interest, we undertook a preliminary market survey in an
>> attempt to gauge the market interest for our mineral products
>> from prospective customers within the geographic areas that
>> offered the customer transportation advantages. The response was
>> very encouraging and directed our focus towards developing a
>> mixed feldspar product.
>>
>> Driven by this market research, we elected to test our geological
>> model by attempting to identify a mixed feldspar deposit. In the
>> fall of 2003 we embarked on a drill program. This program proved
>> to be a success as it validated the geological model and defined
>> an inferred resource. As the pages that follow discuss in more
>> detail, this drill program defined a substantive inferred
>> resource that is sufficient to support many years of production
>> at the envisioned production rate. The grantitic complex that
>> hosts the resource has tonnage potential many times that
>> identified within the inferred resource.
>>
>>
>> In March 2004, we attended a State of Idaho sponsored Export
>> Forum where we had the opportunity to meet trade delegates from a
>> number of Asian and Latin American countries. The meeting
>> provided a level of confidence that there is substantial interest
>> in our feldspar products in a number of these markets and our
>> location near the port of Lewiston offers us direct access to
>> these markets and a transportation advantage.
>>
>> In June 2004, we created a composite sample of drill core from
>> holes that comprise the inferred resource. This large sample has
>> been sent to a highly respected laboratory to be processed into
>> feldspar and quartz samples and products for delivery to
>> prospective customers for their internal testing purposes. Based
>> upon initial analytical results, we are confident the product
>> samples will meet or exceed the customer's requirements.
>>
>> 2004 was a very productive year for i-minerals. The Company has
>> grown well beyond its beginnings. While we have made significant
>> strides in securing land tenure, establishing geological
>> controls, defining inferred resource tonnages, producing product
>> samples and developing customer interest, there remains much more
>> work to complete. Our objective for the next 12 months is to
>> drive the project through feasibility. Key parts of this process
>> will be upgrading the inferred resource to a reserve, basic
>> engineering and completing additional testing on the quartz and
>> kaolin products that can be produced from Helmer-Bovill.
>>
>> We know from the petrographic work and analytical work completed
>> to date, that the quartz associated with the Helmer-Bovill
>> deposits is very low in iron and other mineral contaminants. The
>> petrographic work indicated that the limited iron detected was
>> superficial as opposed to included within the quartz allowing for
>> the potential of much simpler treatment and removal. A high
>> purity quartz product could offer the Company and the project
>> significant "blue sky" potential as high purity quartz products
>> can command prices in excess of $1,000 per ton as opposed to less
>> than $50 per ton for more basic applications. Production of even
>> a limited amount of high purity quartz could have a pronounced
>> impact on the project economics.
>>
>> Additional work needs to be completed on the kaolin
>> mineralization as well. In the coming months we intend to
>> complete preliminary kaolin characterization to determine what
>> products might be produced and undertake marketing studies to
>> evaluate what opportunities might exist for the Company given the
>> kaolin products we can produce.
>>
>> All of us at i-minerals look forward to the coming months with
>> great anticipation as we work to unlock the vast potential of the
>> Helmer-Bovill project. On behalf of all of us at i-minerals, I
>> would like to thank all our shareholders for their continued
>> support as we continue to build the Company on a sound foundation
>> of scientific results and engineered success.
>>
>> Roger Kauffman
>> President & CEO
>>
>
>------------------------------------------------------------------------
>
>_____________________________________________________
> List services made available by First Step Internet,
> serving the communities of the Palouse since 1994.
> http://www.fsr.net
> mailto:Vision2020 at moscow.com
>¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
>
>
-------------- next part --------------
Skipped content of type multipart/related
More information about the Vision2020
mailing list