melboune presentation, page-13

Rosey,
Goldfinger was true to his word and was wearing a small pink rosebud on his lapel. He took a lot of notes and his report should be interesting.

John indicated that he could do a jorc now but wants to get results from drilling western sheet. Thats where the action and future of Paris is and some good intercepts could effectively double and triple the resource. He was bewildered by sp reaction to recent results and saw nothing negative in them.

John is a real nice guy and I trust him. He is very enthusiastic about Peterlumbo. Waiting patiently on native title clearances and foresees no great problems. At any rate the southern parts of Helens, Alexanderand I think Trojan are already clear to drill, but will wait for clearance.
Diagram on p16 shows western sheet was probably connected to the boomerang sheet but seperated by intrusion of fault zone.

Acorn selling down to 5% which is their self imposed discipline for all investments. John knew of their intention to do so. Acorn a very solid supporter. IVR certainly on radar of others and I would not presently be selling any shares in IVR for quids.

With regards diagram on p20 IVR is still of a Fresnillo style geologically. John sees IVR as a potentialopen cut with the grades that historically are achieved from U/g silver mines.

Botenella Gates is very similar to Paris at this early stage and John is full of positive anticipation.

Only one rig drilling and this does not concern him at this point in time.

The above is my recollections from yesterday and i did not commit the conversations to paer as Goldfinger did so I satnd to be corrected by him and look forward to further info from him.

Disclaimer: Do your own research before trading in IVR and do not rely on my comments.

Hag