Not much downside for MGV if you ask me. It ran as high as 12c...

Not much downside for MGV if you ask me.

It ran as high as 12c on the previous Frakes announcement. Has settled back in the 7.5c to 8.5c area. Nothing built into the price for the likely success, or otherwise, of the follow-up diamond drilling. And MGV's

cash backing is over half the market cap at the last traded price of 8.2c. (Mkt cap about $9.9 mn and net cash of $5.2 mn allowing for this quarter's burn.)

Compare that to IVR's $20mn plus market cap and just $2.6 mn in cash backing and I know where my money is going...