Ah Chief,
"Recently 2 co's approached IVR to J/V - JA didn't specify what tenements the 2 co's had an interest in".
JA is referring to the Peterlumbo Field surrounding areas to Paris.
He states at 5 -6 min mark that there is also very good conceptual porphyry copper/moly potential in this field.To the extent that this has attracted the attention of two large companies for possible joint ventures.
Later at 17:4 min mark he states while referring to the roundabout target that this target is also attracting the attention of several large copper companies.
Oz Minerals and Rex perhaps.
Anyway perhaps possible Joint Ventures of the Copper/Moly play to help fund a plant for the Peterlumbo Field while keeping Paris/Helen/Alexander ect all for IVR and their existing 25% Partner.
And another JV with Rex to develop Roundabout. Though I would seriously like to see them do extensive drilling at Roundabout before any JV's are done as they don't want to short change themselves.If they do enough drilling and studies of it, a staight out sale of Roundabout could be on the cards as Oz Minerals would seriously be looking for a pipeline of projects considering other than Prominant Hill they only really have Carapateena on the go.
Lots in the pipe line. All good for holders.
If tenements prove to big enough Newcrest could just step in and take the whole company.
Just some musings on a lazy Sunday.
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