Many other silver deposits listed on the ASX are bade deposits… they are a mixture of Zinc, lead, silver, gold… some have very complicated metallurgy and the mineralisation can be very deep… so mining Capex becomes super expensive to get to the mineralisation… others have small deposits in numerous states, but will claim to have leverage to millions of ounces as they add all the deposits together, it’s just not feasible!
Also I really don’t like it when companies claim to be a high grade silver deposits… when it’s really a zinc deposit with silver credits… you really need to do your homework to work out how much silver leverage they really do have… some might only have 25gpt silver, but with the zinc credits they claim 50gpt silver equivalent.
I have a few BML… I’m still underwater on them, a poster from BML come here and sprooked them a while back, I took the bait bought a small parcel then did some homework… and decided not to buy anymore… (I for some reason need to buy $500 worth of something before I study, it just motivates me… I know it’s bad practice).
IVR is very simple… we have enough cash in the bank for 2023 drilling program, we have over 50mil high grade feasible ounces (PFS) and growing… huge leverage to silver price…
Shallow open pit, good soil, uncomplicated metallurgical with lead credits to be added to the DFS.
every $ silver goes up from here just adds hugely to the PFS… $38 was the higher end of the PFS and made for a very profitable asset/project. Hold onto your handle bars ladies and gentlemen this could be a super exciting ride.
Very encouraging drill targets… Apollo looks very promising.
We are not next to a town, or community that will hinder our advancement.
IVR Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
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