1500 g/t is a big number. Thats 30 g/t gold equivalent. I cant think of any gold mine that has that sort of grade, especially shallow pitiable depth.
IMHO anything close to those specs would create a silver rush in South Australia and send IVR into the stratosphere. The potential for them to repeat Paris 5 times over at other sites is clearly there.
Lets say for arguments sake there is 100m oz at Paris and a profit of $10 / oz could be extracted. Thats $1bn for Paris alone.
Fanciful stuff maybe but that's why I'm holding.
IVR Price at posting:
12.7¢ Sentiment: LT Buy Disclosure: Held
