Yeah Van ....I don't think so. The 43-101 will have all of it's own merits. To use the NCIB as a defence measure cushioning a mass exodus of daytraders isn't something I visualize as a longterm shareholder here. Obviously ISM doesn't think so either by reading the following list. IMHO
Investment Highlights
Appealling aspects to consider that warrant an investment in Inspiration Mining Corporation include:
- Advanced exploration project on the Company's wholly owned Langmuir nickel prospect.
- Over 330 diamond drill cores with over 85 kms of core to prove up the past producing Langmuir No. 1 Mine site and the Langmuir No. 2 - North Zone known nickel ore bodies.
- A pending NI 43-101 resource calculation produced by Micon International Ltd., of Toronto, Ontario.
- A pending metallurgical analysis of the nickel mineraliztion zones by SGS Mineral Services of Lakefield, Ontario.
- A large land package assembled in the Timmins region of Ontario, for further exploration.
- As of June 30th, 2009, the Company held $22,290,383 of cash, $2,339,100 of marketable securities, and $860,104 of short-term investments.
- As of June 30th, 2009, the Company has NO LONG TERM DEBT!
- As of June 30th, 2009, the Company has purchased for cancellation 717,500 of its common shares for a total consideration of $438,847. Or at an average of $.61 per share.
