IFAM Silver Reserve Corp. featured news, full reports, and detailed charts
Silver Reserve Corp. (IFAM/IFAM.OB) Wrap Up:
Infrastructure Materials Corp. engages in the acquisition, exploration, and development of mineral resource properties in the United States. It explores and develops its precious and base metal mineral claims, located in Esmeralda County, Mineral County, Lyon County, Nye County, Elko County, and Humboldt County, Nevada. The company, formerly known as Silver Reserve Corp., was founded in 1999 and is headquartered in Reno, Nevada.Infrastructure Materials Corp. (IFAM:OTC Bulletin Board Market)
Snapshot of Infrastructure Materials Corp. (IFAM)
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OPEN
$0.30
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PREVIOUS CLOSE
$0.32
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DAY HIGH
$0.30
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DAY LOW
$0.30
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52 WEEK HIGH
05/28/09 - $0.52
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52 WEEK LOW
11/28/08 - $0.09
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MARKET CAP
18.1M
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AVERAGE VOLUME 3 mo
1.1K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
60.2M
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IFAM Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
IFAM Top Compensated Officers
Executives, Board Directors
Key developments for Infrastructure Materials Corp. (IFAM)
Infrastructure Materials Corp. announced the resignation of Randal Ludwar as Chief Financial Officer of the Company, effective October 22, 2009. The Company has appointed Rakesh Malhotra to the position of Chief Financial Officer effective October 22, 2009. Mr. Malhotra is a resident of Ontario, Canada and a United States certified public accountant and a Canadian chartered accountant with considerable finance and accounting experience, including substantial experience in the resource sector. Mr. Malhotra worked for A.F Ferguson & Co. and obtained his CA designation in India. Having practiced as an accountant for over 10 years in New Delhi, he moved to the Middle East and worked for 5 years with the highly successful International Bahwan Group of Companies in a senior finance position. After that, he worked as a Chartered Accountant with a mid-sized Chartered Accounting firm in Toronto performing audits of public companies and has worked for over four years as vice president of finance for a private group of service companies in Toronto, Ontario.
Infrastructure Materials Corp. announced results from its 19 hole Phase II drill program (5,000 ft) completed on the Blue Nose Limestone Project. The Blue Nose Project consists of 297 mineral claims covering approximately 6,000 acres and located 90 miles north east of Las Vegas, Nevada in Lincoln County. The Phase II drill program targeted a stratigraphic horizon exposed on the surface to the east of the first phase drill holes. This area is assumed to contain the high grade CaCo3 material. Due to a shallower than expected dip of the underlying Dolomite horizon to the east, substantial MgO material was encountered on the central and south portions of the drill plan at shallow depths. This trend will be accounted for in the upcoming Phase III drill plan. Drilling results from the north east portion of the Phase II drilling encountered thick intercepts of cement grade material to depths of 300 feet. Detail mapping has been completed at a scale of 1'=200' and, in conjunction with the completed drilling, has allowed us to sort out and clarified the local area geology. This will enable the company to specifically target favorable horizons with drilling for cement grade carbonates.
Infrastructure Materials Corp. announced results from the last 10 holes of a 24 drill hole program (7,000 ft) completed on the Morgan Hill Limestone Project. The property contains 113 mineral claims covering approximately 3 square miles and located 20 miles west of Wells, Nevada in Elko County. The drill program of 24 reverse circulation holes was designed to evaluate three adjoining sections that had been identified from surface mapping and sampling completed in the fall of 2008. These holes are located in the north east part of the claim group. Compilation of drill cross sections and additional detailed surface geology at a scale of 1'=200' indicate two potential high grade (100% CaCo3) zones and 2 cement grade zones. The economic units intercepted in these 10 holes and those announced in the release dated August 4, 2009 are dipping steeply at the surface and repeated several times based on recent detail mapping completed after the drill results were received. Angle drilling is required to confirm the actual existence, thickness and continuity of these units. Management believes this property is situated to competitively reach markets in Northern California, Reno, Southern Idaho, and Utah.
IFAM Competitors
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| No competitor information is available for IFAM. | |||
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Industry Analysis
| Valuation | IFAM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 3.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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IFAM transactions
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