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Small Cap Profits.com Featured Article: (INIX.PK)
April 25, 2011
iFinix Corporation (INIX.PK)
iFinix (INIX): with a timely acquision of gold interests, we predict swift and accelerated growth.
iFinix Corporation (INIX) is a leading global provider of diversified financial services:
Earlier this month the Company boosted its balance sheet by approximately $3 million dollars with the acquisition of a joint venture in the Mohave Mine of northwestern Arizona.
Drawing on institutional knowledge of commodities and mineral resources, iFinix saw this as a prudent investment sure to increase company revenue and shareholder value.
Considering gold’s soaring prices - consistantly at $1,500 per oz. all the past week - iFinix’s investment is extremely timely.
Only 2 percent of mines seeking investors are actually poised to launch production, and Mohave Mines is one of these. Comprehensive exploration and preparation of this eight-square mile property have yielded confirmation of substantial proven reserves, and strong indication of up to three times more. Even with conservative price calculations – in other words, prices far below the record-setting ones that have been standard recently – Mohave Mine is expected to yield 10 million dollars in its first year of operation, increasing to at least 14 million in following years.
The Company’s involvement with Mohave Mine will be strictly financial; management will be handled by a well-established private company with a proven track record in mineral extraction. In the press release announcing the acquisition of the joint venture, iFinix CEO Benhope Munroe emphasized that this arrangement provides iFinix with the opportunity to participate in an exciting mineral resources project while still maintaining primary focus on its core businesses. The increase in capital will allow the Company to continue growing its proven and successful line of financial services and products.
The company's world-class suite of products includes iFinix Trader, iFinix RealTime and eFinix.
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