I think IRC's schedule is to start mining again in Jan/Feb 2019.

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14/12/18

11:50

Post #: 36859245
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Originally posted by ecker ↑

The ultimate exit plan for both IRC and MRP is to sell out to a gold major. But to get there you need to de-risk the acreage by proving up the resource. I like the intent of the new merger strategy "self sustaining...". There are many posters on IRC rubbishing MRP acreage, the fact it is too early to tell. MRP have demonstrated gold mineralisation along a 1200m strike length with depth extension of 200m. We have had drilled deep hole that has indicated mineralisaton to around 500-600m. Mt Charlotte took 100 years to prove up and the grades got better went deeper in depth and depth extended to more than 800m. If Boorara is similar to Mt Charlotte it going to take a lot of drilling to prove up the resource... "going to production to achieve self-sustaining development program" is definitely the way to go.

IRC/MRP have indicated achieving bankable feasibility by end of 2019 and my hope is they go into production in 2020.

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I think IRC's schedule is to start mining again in Jan/Feb 2019.

MRP Price at posting: 8.0¢ Sentiment: Hold Disclosure: Not Held
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I think IRC's schedule is to start mining again in Jan/Feb 2019.

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