 |
Why has IMC changed it's emphasis to limestone?
There are areas of the US such as Nevada, Arizona and California that have substantial shortages of cement production and our strategic location of potential deposits can meet some of this demand.
|
What is limestone with respect to cement and concrete?
Limestone is the primary ingredient in the production of cement which in turn is used to make concrete. Limestone must have a high percentage of calcium carbonate to meet cement grade standards.
|
How does IMC see government infrastructure spending affecting the Company?
Management believes that infrastructure spending in relation to the demand for cement will have a positive impact on the Company both in the short term and long term.
|
Will the problems in the real estate market reduce the demand for cement? For how long?
The real estate market is a large user of cement. However, we believe our development time will find the real estate market in full recovery from the economic down turn and will continue to grow above pre downturn levels. This information is based on an independent Market Study prepared for IMC. |
Why is IMC working in Nevada on cement grade limestone?
Deposits we are developing in Nevada are within shipping range of California and can supply part of the annual shortfall of 3.6 million tons of cement production in Nevada and California.
|
How much drilling does IMC plan in 2009 and 2010?
It may be as much as 50,000 feet. In 2009 - 20-25,000 and in 2010 - 30-40,000.
|
How many limestone projects does IMC have?
8 and still looking for more in strategic areas where cement is in short supply.
|
What limestone project is most advanced?
The Blue Nose Project within 90 miles north east of Las Vegas.
|
Is there a reason IMC has not described any limestone reserve as yet?
To state a reserve you must meet certain standards set by the SEC. To date, we do not meet those standards but drilling on Blue Nose and Morgan Hill are positive and further drilling should allow us to state reserve numbers on the Blue Nose project in late summer of 2010.
|
What environmental issues does IMC foresee?
Management does not foresee any critical or unsolvable environmental issues. A Nevada environmental firm, Lumos and Associates of Carson City NV. is employed to ensure compliance with all regulations.
|
Can IMC project when they may bring cement production on line?
It is too early to forecast. The permitting and construction is estimated to be 4 to 5 years.
 Top of Page |
What does IMC plan to do with its silver projects?
As the silver and base metal markets improve, we believe we have prime properties for development. The Company is seeking a buyer to purchase the assets of our wholly-owned subsidiary, Silver Reserve Corp.
|
How many silver projects does IMC have?
14 in total.
|
How many silver projects have the potential to develop substantial reserves?
There are 3 properties with inferred reserves at present and the potential for development of substantial ore bodies over a short period of time.
|
Are there any reserves now on the silver properties?
Yes, the Pansy Lee, Silver Queen and Medicine Projects all have reported resources. These projects each have potential for large ore bodies.
Top of Page |
Which exchange does IMC trade on?
IMC is a fully reporting issuer with the SEC and is traded on the OTCBB under the symbol IFAM.
|
What is the value of IMC's assets?
US GAPP prohibits stating assets in the ground until they are proven and ready for production. Our Mill is valued at $1,514,677 (after depreciation) plus we have $420,266 cash on hand and $3,116,803 in short term investments as of June 30, 2009.
|
How long until IMC runs out of money?
At June 30, 2009, there was $3,537,069 cash available. We update budget projections quarterly and at June 30th, we had sufficient cash to meet budgeted expenses until June, 2010.
|
How many shares of IMC are issued?
60,198,500 (at June 30th, 2009 year end) with the majority held by very loyal shareholders, that have continued to support the Company.
Top of Page |
|
|
|
