Ann: Investor Update, page-12

Silver is "Retail Money" in a currency war. You cant pay the rent with gold but you can with silver.

IVR is connected at the hip to the Price of Silver POS, not IVR's management expertise, at least, not at the moment.

The macro economic plates are shifting. And Silver looks like a bull.

Additionaly the price action of IVR will be tied to a "top down" investment approach by institutional money, not a retail investor who gleans from the annual report, something positive.

When silver goes off, junior miners in Toronto and the US will go off and fund managers will recognize the value parity that exists in Oz.

When you operate a portfolio with 200 names and a staff of 60, you don't follow a bottom up approach to stock (share) selection, you invest via top down macro signals.

And the signal IVR emits is "Silver Exploration" for the moment.

I suspect the company will be conducting a capital raise (The Good Type) to migrate into junior production AFTER they pick up some deep outa the money gold mines.

This could be an impressive long term investment