Phantom, our small cap definitely makes us vulnerable to a take over or just let us go broke. Certainly Citic hasn't shown any interest, and the others who knows, but they are still on the SR. Silver won't be our saviour, solar panels the biggest consumer of the metal,has reduced the amount of silver required by 50%. Film and photos the past biggest consumer of Ag, is now defunct. We can only HOPE management in the negotiations over Maslins have our best interests at heart.
Maslins can be our saviour, but most JV's I see, the junior partner usually has to give away 70% for a given sum of money spent over a period of 3 years. Our first 3 drill holes are crucial. If they are good the the BIG partner will quickly pump money into it. All the major and 2nd tiers are doing JVs. BHP, RIO, S32, IGO, OZ minerals, and even GOR who hasn't produced one ounce of gold.
IVR Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
