plv and the small miners campaign, page-6

Hi Folks

Always best to hear it from the company/MD as it has more weight.

Basically drilling continues to confirm a larger resource outside of the expected/known areas.

At this early stage fact is as Tony himself has said earlier, that Irvine will go into production.....sometime in the future.

The continued drilling simply makes this a more attractive venture and a more economic venture.

The key as I see it is that shareholders who are on the books 'already' will hopefully not be over run with massive dilution.
Now as a disclaimer I am not a long term shareholder as I have been on the register for less than a year. So thers here that perhaps have gone the journey over years may be even more concerned that their early call will be rewarded commensurate with the risk they have taken.

I asked Tony a question re massive dilution and he commented that PLV would not go near 1 billion shares on issue.
Tough question to answer as the market continually changes.

My question should have been;
How many shares, (or what would be the range) would PLV have on the register upon production?

This imo is a key question as from this point one can start to come up with some ballpark valuations and 'relatively confidently' invest/hold positions knowing the company approach will be to minimise further dilution.

This would encourage investment NOW in a market that is cautious on just about every project going around...let alone a small IO company with no profile and a way off from production....or even getting approval to mine due to environmental processes.

Lets hope that this continued good stream of news on Irvine will at some stage this year finally hit home to the market that this company will be a great operation.

PS Mt Gibson was keen on Aztec and getting a piece of Koolan Island....an island with previous mining history..

Irvine Island will be a potential takeover target in a sector looking to acquire quality assets.
The fact Irvine is potentially a much larger resource and never mined, must be an attractive option for some mid to large companies.