Agreed, I can't see why anyone would risk 10s of millions on a worst base 2.2 years of profit. SVL is 15+ year project for silver exposure but there are many 40+ year mine life projects out there right now wich promise decades of revenue. Choice is everywhere for mine investment and a mine with 2-4 years of profit in it with no opportunity for increasing production YoY because the resource is so small is in my opinion not worth pursuing.
Get your hands on a 40 year project, ramp production up til you double what you're digging and its still 20 years of high revenue. Definetly think IVR is way too small
IVR Price at posting:
7.8¢ Sentiment: None Disclosure: Held
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