IVR investigator resources ltd

Bob good morning.There's quite a bit to consider to answer your...

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    Bob good morning.
    There's quite a bit to consider to answer your theoretical.
    Current metrics 53 mill oz Ag; 100kt lead; 73% indicated; cutoff 30g/t; $35 Aus p.o.; PFS looking at 10 year mine before these satellite deposits.
    I am betting the satellites over the first 5 years of mining to replenish by exploratory drilling at same cut-off. The grades in the latest report are just the beginning of the plan for this. Then there's a real chance of a bigger deeper deposit - but I don't factor this yet.
    So 15 years plus mine life.
    Lower grade ore at a higher price will always change metrics of the processing plant and the DFS should hopefully clarify some of this. Every mine is different but shallow open pit hints at a lower AISC and hopefully higher operating margin with lead offsets.
    $100 Aus Ag would open it up maybe to 22.5 to 25 g/t but they will go for higher early to pay back the debt of any processing mill.
    All my own assumptions but I can see a 20 year mine life at over 100M oz - without a monster find. That is what I see Andrew aiming at.
    Cheers
 
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