My understanding here is that the delay in IVR's JORC is more to do with management's excitment with the potential expansion of the Western Sheet.
I'd expect a generous re-rating to around 30c here if Paris Prospect target is shown confirmed at around 50Moz. Anything above this would probably exceed expectations. You'll all know in early 2013 hopefully. I'll probably wait for news or dribble in if it gets back below 15c
IVR Price at posting:
15.7¢ Sentiment: LT Buy Disclosure: Not Held
