Farm outs are better… unfortunately as explorational company we only have so much capital… if too much capital flows into other commodities it can cause massive capital destruction through dilution… investors were somewhat upset with the tungsten project we undertook… however it’s a very small commitment for the first 18months and Andrew believes they can add a lot of the value through a resource update and potentially getting funding from the government to subsidise our farm in costs, and potentially spin it out or divest it later on… so I’m actually ok with that project for now… however in general too many fingers in to many pies is the death of capital to an exploration company.
IVR Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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