We are self-funding out of gold production, we are actually making money.
At the moment the market is not yet able to put together the various pieces of our jigsaw into an accurate valuation. Although IRC have step by step put together a compelling tenement and project package, it is now about realising all that latent potential. We are really on the cusp now, many questions will be answered by the September quarter -
Below is my hopeful time-line of events from 2018 (extrapolated 2019 events in brackets).
Richmond/Julia Creek Vanadium project: Metallurgy cracked and path to mining advanced.
Teal mining camp: 3 - 5 million oz resource proved up (2018/2019). Mining continues.
Blister Dam: Major discovery made.
Anthill: Resource grows, discovery at Anthill, (mining commences 2019).
Lakewood: Encouraging high-grade intercepts, (commercial discovery made 2019).
Goongarrie Lady: Mining commences.
Other Gold projects: High success ration from new discovery drilling. (Follow up drilling in 2019 locates commercial deposits.)
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