Ann: Paris PFS Delivers Outstanding Results, page-48

Well as DFL said I woulden't be in silver if I dident think there was upside to the metal.

I think there might be sarcasm to what you said but I like Andrew I think hes a good MD and I like the grade of IVR there is a lot to like and I believe that a large extension to the resource can quickly turn IVRs narrative into being not just a leverged silver play but the best silver play on the ASX. I don't have to like everything about a stock to hold it, there is nothing wrong with some objectivity.

Maths is actually my forte (and part of my job), I am still an amatuer geo at best nnothing wrong with that at least I'm trying.

Pre-Tax Life of Mine Net Operating Cash Flow of A$487M to A$602M (A$86M to A$97Mpa)

5 year LOM so 2.2 years of profit = $127.5m-$143.7m after tax
7 year LOM so 4.2 years of profit = $250-$285m after tax

So thats the project cashflow total after tax, after paying back Capex. At 100mil MC already I would certainly like to see some of that cash flow being generated for a long period of time.