2014, page-19

Yep, good post Yellowcake.

A CR is the proverbial Captain Obvious and IMO the sooner the better for shareholders. Get it done and get over it, is the only way to handle an obvious CR. Alas, the tragic SP is an issue for management. They will not create friends amongst the shareholders if they go for massive dilution because they FU'ed the story and wrecked the SP.

My geo mates tell me that IVR are sitting on a winner but still need to work out the geology better. Maybe that is why they have 6 geos? Personally I would prefer one really good geo v 6 mediocre!

So, I would expect IVR are going all guns blazing to improve the inferred resource in the hope that the SP improves before the inevitable CR. Anything else would be pure incompetence. Their only other hope is a big push up in the POS and not even god knows how that will eventuate.

IVR is a massive accumulation opportunity if one is willing to take the big punt. The major risk IMO is management!