The main objectives of the case are to discover the overall net income needed in an initial public offering (IPO) by the International Royalty Corporation (IRC) to be able to obtain various mineral royalties and, then, to discover just how much of the business will need to be given up by the entrepreneurs in the IPO. In 2002, Douglas Silver for obtaining natural resource royalties started the company in Denver, Colorado. He'd assembled a big prospect list from several big databases that identified the royalties all all over the world. During the period of the IPO, there were over 2,200 mineral royalties worldwide but only 30 leading main royalties in the Voisey's Bay. Such a main royalty was crucial to doing a private placement or an IPO. As an example, the two publicly-held mineral royalty businesses in the marketplace each had one such main royalty. The field was disorganized with mine owners and many private investors and a chance to combine and integrate it under his business was seen by Mr Silver.
This is a finance case. NAC2911
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