Unlucky with the drilling results but the writing was on the wall in the last drilling update when the drill was at 850m and it couldn't be recovered and they said "The coincident gravity and magnetic anomaly which constitutesthe target zone was modelled at a depth of 600 to 800m and the densities of the geology seen to date donot explain the modelled gravity anomaly. Core recovery has been excellent."
This is a spec stock and i do still hold some options - which will now be useless unless Paris goes forward. I do not expect anything to come from the other two holes, this is now a pure silver play - as seen by the SP not retreating any further. It might run up again if Paris JORC is increased and they indicate the progression towards mining it. It is probably mineable at profit now, which the likelyhood that Silver might increase in value in AUD.
IVR Price at posting:
1.6¢ Sentiment: Hold Disclosure: Not Held
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