dingo as far as i can see, the forward sale of x Oz Ag...

dingo as far as i can see, the forward sale of x Oz Ag effectively secures a debt facility negotiated with bankers..

obviously cap raisings will also be required but it all depends how it's done, for example CCU managed to systematically increase the price at which they raised capital over a 2-3 year period..

to be fair to IVR, CCU bought into a tenement that was already full of drill holes..

IVR have started from scratch..

by the time IVR raise again, it will be imperative that they have an inferred resource and a strategy in place for either increased drilling for the monster resource or a plan to start progressing towards mining..i would prefer the latter..

the market just does not tolerate waiting for drill results while nothing else happens.. unless it's a step out drill campaign on a defined ore body of major significance like SIR-NOVA

we can only assume that IVR are thinking along these lines and that there must be a lot of work going on behind the scenes..