Ann: Farm-out of Investigator's Fowler Domain tenements, page-9

Market seems to see it like i do with ca.5% sp loss on a flat silver day with this news !
This ads up to 6 years !!!! I shake my head...........

Osmond to spend $750,000 over a period of 3 years to earn a right to a 51% interest in a Joint
Venture or withdraw with no project interest earned; and

• If the minimum expenditure condition is met, the parties will enter into a formal Earn-In/Joint Venture Agreement and a 51% interest in the tenements will be transferred to Osmond (Osmond 51%,
IVR 49%).

Stage 2 Program:

• On satisfaction of the Stage 1 Earn-In/Joint Venture conditions, Osmond may elect to proceed with
Stage 2 of the Earn-In.

• For expenditure of an additional $2M over a further 3-year period, Osmond will earn an additional
29% Joint Venture interest to a total of 80% (Osmond 80%, IVR 20%).
,........,................

I would have done stage 1 . 1.5 Million$ in 2 years for 51% or bye bye and another 1.5 million$ in another 2 years for 80% !
Considdering the costs of DD holes later thats a joke anyways ............

750.000$ in 3 years ??????? What they plan to do ? Drink cocktails and fishing in the sun ?

Yea yea i know all grumpy and negative bashing , maybe the Market tomorrow likes it better and puts a fire under Ivr ! Fingers crossed!