Ann: Quarterly Activities and Cash Flow Report, page-20

I've looked at the presentation now a couple of times. It's is quite revealing. I agree with GmundStables points 100%. I'll add that Jason's description of the ore zones are quite marked compared to non ore zones. I think they have a good understanding of what type of RC drilling product is ore and what is not. They have only seen visible silver twice in all the drilling they have done so its very much a gamble on the grades without assays.. The key to it all is they have a great understanding of what the argillic alteration looks like in the drilling product. They obviously have found enough to forward plan for further drilling on the satellites. That is huge a positive IMO. I've also noticed that they have been very good with the follow up from the initial drilling. Jason infers just that with this drilling.

I've held IVR for what seems to be forever, and I have always been an avid supporter to get as big and best silver resource around Paris including the satellites. I'm really pleased that they are going for it now. that said I have also pondered about the fact that IVR seem to be fairly docile in regards to new projects which they say they have been looking at. Many companies are chasing new trendy elements like lithium and REE. Why has IVR not done the same? Perhaps the answer is in what Andrew said in that they have so many anomalies to follow up and new areas to drill test. I think the board of IVR know that there is more chance of good things to come in IVR's tenements rather than go out onto grass roots exploration elsewhere.

I've also noticed a couple of posters here complaining about how slowly Paris is getting developed. Perhaps do a little research on the average time line from discovery, DFS, development and mining. I'm sure IVR are doing well at this stage.