Airmone, ARD are at a more advanced stage than IVR and are set to announce their DFS in the second quarter of this year. IVR have yet to identify a resource let alone commence a feasibility study.
IVR has a much larger land package in a better (my opinion) geological environment and has some superb drill intersections. I believe IVR has far more blue sky than ARD.
In my view both are excellent companies and in summary I beleive ARD offers less risk and a 3 to 10 times upside over 2 - 3 years whereas IVR is higher risk but has greater potential upside. I think, but do not know, that both companies are potential take over targets.
This is not investment advice. Please do your own research.
ARD Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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