cat & mouse, page-25

El Capo, Your target of 30c seems very fair and reasonable to me. Charting 101 tells us that testing the underside of that old top pattern as a first target seems almost like a no brainer with QE3 and silver on the rise. However I would be unwilling to either confirm or deny your 8c target as there are far too many variables. It could happen, I have seen it happen before with stocks like this with all the true believers crying in advance that it could never happen......

It could happen as we are now staring in the face of the fabled fiscal cliff. Yesterday I got a bag of TUs for comparing now to the 70s and claiming that IVR had the potential, on that basis, to eventually hit $200/share.....but I should also point out that through 1973 and 1974 there was a dreadful market crash that was nearly as bad as the GFC in price but took twice as long to play out in time. Indeed in the 1970s things got worse before they got better. A crash like that takes no prisoners and a speccie like IVR would not stand a chance. That crash was now nearly 40 years ago and as we talk about PMs in a 40 year cycle it almost seems like an eerie omen to me.......

.....and even if we don't have another major crash our market has been moving sideways with a slight downward bias since the bounce of 2009. If that pattern were to continue, and if IVR results were to be all only poor to fair then yes.....8c is a possibility and I would not be so foolish to say it is not....

however

With the Fed now determined to make large monthly cash injections into the US economy until employment picks up we may well see a crash in the dollar rather than a crash in markets....in fact markets may soar although it would only be a claytons rally as the dollar would no longer be a dollar...it would more like a peso, senor. Commodities would be the big winner and in particular PMs. If we add this scenario to the possiblity that IVR continues to return some stella results (and why shouldn't they if the past is any guide) then your 8c may end up being the franking credits paid on the dividend.

In conclusion: It is best we not get too far ahead of ourselves for now as anything could happen. Let's see if your 30c target plays out which is a pretty good near term bet imo and then let's see where we are at. There are good reasons why your 8c target could be a possiblity but at the moment that is all it is....a possiblity.