Some good news and the hands of holders start to rub together.
Assuming a (peer-median) EV of US$1.47 per silver equivalent resource ounce Ords has recently calculated that IVR’s current EV of A$57.5m is discounting a resource base of some 36Moz Ag Eq. At face value this seem promising.
But before you all get too carried away Paris is likley to now come out with a JORC in late Sept that doesn't overwhelm due to its extreme complexity and how the geological model will need to account for it in the final calculation.
Whether it becomes the next runner is a big TBA as there is no certainty it can make $1 at sub $25/oz. ST Alexander target will get traders involved with some decent liqudity soon to follow.
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