IVR 3.6 cents Well funded and had enough to complete the DFS even prior to the CR when they mentioned they had $2.9 million in September last year. Much of the DFS work has already been done and very nice to hear they are still on track to be released in the first half of this year. Also good to see that the Silver price is still trading around the same price as in PFS calculations at $34 AUD, DFS could provide some treats with an expanded mine life and resource as well as Lead revenue.
In regard to the news to come in regard to the Uranium Fowler Project, XRF analysis of historical drill samples.
Molyhil Gravity mining related news also to be released in the first half of the year. The sell side looked a fair bit lighter today around the current stock price today after release of Quarterly and the sp seems to be consolidating before the next move forward.
Silver has been in deficit for 3 years . Whilst a major reason is for industrial use, it is used much more now in new technologies which will increase demand. Worlds largest producer Mexico was down in production last year by 12 % , Peru at 20 year lows in regards to production , current administrations are not assisting.
