Let's choose Inca Pacific (IPR.v) to highlight this time. Let's not worry about the Magistral project, or its potential asset value, or that according to solid documentation (namely a 43-101 compliant final bankable feasibility study) the project is viable with copper at $1.50/lb (something that has been backed up by independent due diligence, too). Let's not even remind ourselves that thanks to Moly credits Magistral will produce copper at an estimated U$0.28/lb over its mine life. None of that. Just this:Shares out: 56.6m
Current Share Price: C$0.18
Current Market Cap: C$10.2m
Cash at Bank (in C$): C$27.6m
Current Share Price: C$0.18
Current Market Cap: C$10.2m
Cash at Bank (in C$): C$27.6m
Yes, that reads right. IPR.v has $17m more cash in its bank accounts than the company is worth, according to the market. Well that makes sense, doesn't it? Here's a link to the company website.