update out -paris silver drilling progresses , page-15

aimone

worth pointing out tho that CCU have only 240M shares on issue as opposed to IVR who now have 335M

in other words CCU = 2.11X marketcap of IVR but CCU = 2.93X share price of IVR..

note that JA regards his Paris as superior to CCU in terms of grade, depth, etc etc.. however it would be also prudent of JA and the team to have a look at the way CCU have managed their capital..this is going to be driver of our share price as much as anything..

it's all well and good to chase the monster deposit but at what cost to shareholders..

IMHO all resources should be directed to Paris and Peterlumbo.. develop the field and get a plan in place to exploit the inferred resource once that is established..

there is still a chance of course that IVR will drill the "discovery hole" somewhere close to Paris but this is always a thousand to one chance.. but if it happens the SP will rocket and we will all be celebrating wildly and there will be less concern about dilution..

critical decision time for IVR.. i hope they do what is in the interests of us shareholders..

eitherway 2013 is potentially a very exciting time for IVR and holders