I am. IVR's current SP is about 75 million. If we attribute all that to Paris and assume that the subsequent rise in SP to 20c would be attributed to the new discovery then that comes to an additional 225 million for 20 %. The NPV of the whole new discovery would then need to be on the order of a billion dollars +.
For that the discovery would need to be really good + have a resource, worked through met studies and working through a PFS/DFS.
That is certainly within the realm of possibility but the discovery needs to develop very positively from here. I am writing a piece on this for my sub stack that HC does not like me advertising but is easy enough to find.
Cheers, CC
IVR Price at posting:
5.3¢ Sentiment: Buy Disclosure: Not Held
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