That analyst report highlighted a 50:50 equity/debt mix to fund BML’s project development. That is scary reading in the absence of a mighty big share price appreciation. As a former larger BML shareholder, what appeals to me about IVR in comparison to BML is the much higher IRR and lower projected capex. Lower capex means lower shareholder dilution when funding. There is also the added benefit of IVR being an Ag producer with Pb credits, if you are a silver bull, rather than the other way around.
Add to My Watchlist
What is My Watchlist?
