Since January 25, 2011, Silver has moved from a close of $26.81 to roughly $36 and ECU is basically unchanged....moving from a January 25, 2011 close of $1.04 to today's $1.06.

During the same time, IPT.V has moved from a January 25, 2011 close of $1.23 to today's $2.75.

If one looks at Goldminerpulse.com, one sees that ECU has a Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) based on 2011-Mar-08 market closing prices of $1.23.

If one looks at Goldminerpulse.com, one sees that IPT.V has a Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) based on 2011-Mar-08 market closing prices of $18.67.

If ECU was afforded the same Market Capitalization per Ounce of Silver Equivalent that IPT.V is currently afforded by the market, ECU's share price would be over $16 per share.

Of course, this is an oversimplified discussion, but the disparity is so great it makes one wonder what is going on.

IMPACT Silver Corp. is a silver producer with an extensive portfolio of advanced silver projects in Mexico. The Company currently produces silver from multiple mines and a 500 tonnes per day processing plant at the Royal Mines of Zacualpan.

IPT's fully diluted share count is 71,148,120, about 19% of ECU's.

ECU has measured and indicated mineral resource of 40 million silver equivalent ounces and an inferred resource of 391 million silver equivalent ounces. Many of the veins and vein packages at the Velardeña Properties have demonstrated reliable evidence of continuity, laterally and at depth. This additional potential is represented by a Mineral Potential that has been quantified at an additional 570 to 930 million silver equivalent ounces.

The difference between these two stocks is difficult to comprehend...