location analysis, page-7

With respect, I'm glad to 'ignore' Vic !

No prob about 'justification', or reading complaints, or not having Vic read up on our suggested links, etc.
Pure bliss.

Back to the point; we need to remember that mgt are after a mineable jorc, - to start income stream.
With drilling to only 200 m, one could assume greater depth resources, if found, would take too long to establish, which I believe is not on the agenda.
Look at resource at other majors in Mono, many start at depth.
Therefore prove up a starting base, which then provides the cash-flow for further growth opportunities.
Saves the remaining cash to seek new Greenfield Potential.


Interesting to see SouthGobi also under partial takeover!
At a song; hoping Ivanhoe holds out for price in teens, not at low range currently at. Deal to send / sell directly to Chinese mill - sounds alot like potential with our mgt's plans, eh!

Looking forward to anticipated re-rating.

Cheers :)