denial - are we living in it!, page-20

I think the recommendation from Ord says it all thanks denial,

"Spec buy"...

There are so many variables involved that even their best estimate can only be an educated guess and then to combine with an average $/oz EV when we still don't have a resource estimate..

I am betting that their best estimate is very conservative and the parameters of their resource estimation to start with will be restrained (understandably)

In which case, there is a strong chance that the jorc estimate could be north of theirs if say the high grade north east zone has 200,000 more tonnes of ore or 250g / t higher grade...

Whatever the case, i understand that the jorc can be a hard landing for all those pinning their hopes on ivr exceeding market expectations including me but "spec buy" says a lot..

We need a good result from the jorc of course, but it will be nothing unless we can get some exploration success from the paris satellite targets..

Going back over the discovery of paris, it is reassuring to know that it was not an overnight success and this relates directly to alexander, which may have more to reveal in time.. Of course 20g / t is disappointing compared to paris but it is still silver nevertheless..

Hector intitial pass assays any day now..