Industrial Minerals, Inc. Initiated With Speculative Buy/4 Rating and 12-Month Target Price of $1.75 By Investrend Affiliate SISM Research.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- (Investrend Research Syndicate) Ernest C. Schlotter, analyst with Investrend Research Affiliate SISM SISM Syntactic Information Source Model SISM Single Integrity System Measurement SISM Standard Information Systems Manager SISM Service Indication Scheduling Module Research and a four star analyst according StarMine, has initiated coverage of Industrial Minerals Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : IDSM IDSM Intrusion Detection System Module IDSM Intrusion Detection System Services Module (Cisco) IDSM Indian Distinguished Service Medal IDSM Intermediate Direct Support Maintenance IDSM Internals and Data Structures Manual ) with a Speculative Buy/4 rating and a 12-month price target of $1.75. IDSM is only one of two producers of high-purity graphite in all of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and commenced limited production in 4QFY2005. SISM expects Industrial Minerals to ship 6,000 tons of graphite during FY2006. With the daily continued improvement of operations and productivity, the research firm sees the potential for the Company's Bissett Creek Property to become a significant annual producer of more than 25,000 tons of graphite by 2012. To date, only 10% of the vast deposit has been drilled and proven, but 640,000 tons of large flake graphite has already been found and Industrial Minerals could become one of the largest producers of natural large flake graphite in the world. A drilling program to expand the overall resources (approx. 6 million tons) is planned for 2006/2007, which would supply IDSM's customer needs for decades. Ernest C. Schlotter, said: "The market for high quality flake graphite has been increasing annually at a rate of approx. 15% and is projected to grow exponentially during the coming few decades." He concluded, "IDSM currently trades at a multiple of US$87.18/tons, and once fully developed, at only US $8.71/tons. Over the next 12-18 months, we see shares of Industrial Minerals trading up towards a US$30/tons multiple, which would imply a price objective of US$1.75/share." Industrial Minerals will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage. SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and AMEX AMEX See: American Stock Exchange . This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe The German language (both as an official language and as a minority language) is spoken in a number of countries and territories in Central Europe. To cover this speech area they are often referred to as the German speaking countries or the German speaking area. , a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, to Reuters Multex, and Investrend. Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers." Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company. The company's research will be enrolled for investor monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com Anyone interested in receiving alerts regarding Industrial Minerals research should email contact@investrend.com with "IDSM" in the subject line. |
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