Hi Silv, I think the Tungsten mine they have farmed into has had a lot more work done on it over the years than the Fowler tenaments. It already has a NPV of 101 million etc. No drilling at all has taken place at Fowler. They have stated many times over the past 4-5 years that they have been looking for an advance exploration play to farm into or buy with the potential of moving quickly into production. I think in the first year of research the Geos looked at about 80 potential farm ins and/or acquisitions. It is now a number of years down the track and they have waited patiently continuing there research. In some of the preso’s Andrew gave he stated that they have had opportunities but not at the price they would like. Goodness knows how many the Geos would of looked at now. Maybe it was the silver price that resulted in the 8% rise today but my thoughts are more so it was this farm in that was the main catalyst for the increase in the share price.
IVR Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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