I think with IVR, the issue has been the same for quite some time. Yes we have a very good resource but the question of "scalability" arises. ATM they are looking at 2m t pa for efficiency purposes so a mine life of about 5 years. Then what?
So really they need to find more - something like Goldy's prediction for your competition OR find something else like Au/Cu. Even if POS takes off I think the upside for IVR will be limited with our current PFS.
If however they do find more Ag, say 30 to 50m ozs, sp should take off as we will start to attract foreign interest.
IMO if they find those sorts of numbers there will also be the potential for even greater finds which will start to be built in to the sp.
IVR Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)