Relaxation & Fun, page-65

You are forgetting some key points.

BML is more heavily de-risked and on target to be first to mine.

All BML's mining costs are covered by Pb (lead) and its Ag (Silver) is mined for FREE.

Based on Friday's pricing of IVR and BML you paid 79c per ounce of Silver, when you could have paid 9c for BML or 16c for MMA.

Furthermore, you paid 68c per ounce of Ag Eq compared to BML at 2c and MMA at 5c.

So you paid 34X the price of BML and 13.6X the price of MMA for IVR.

You and I both agree that there is going to be a secular bull market in PM's and all Australian resourced silver developers will do really well.

The point I am making to you @smartdude is that the multiples are going to be far greater in BML, MMA and indeed RDM than IVR. In terms of multiples, that purchase today could prove to be very costly indeed.

Michael Olivers' podcast 8 hours ago was illuminating on this point. The place to be is Silver juniors, and in the most "unloved".

V