Short Term Trading Week Starting: 6 Feb, page-200

STTCOMP IVR, FA Long

MC: $22 mill
Price: $0.04

Investigator Resources Limited (IVR) is a metals explorer focusing on silver, copper and gold discoveries in southern Gawler Crator, South Australia.
The company has recently appointed David Ransom as the non-executive chairman. David is a geologist who has spent the last 17 years of his 45-year career as an analyst/portfolio manager at Acorn Capital specialising in the juniors.
The company's silver project (Paris) has an inferred mineral resource estimate of 8.8 million tonnes grading 116 grams of silver a tonne for 33 million ounces of contained metal and is aiming for an updated resource estimate during this quarter to facilitate scoping studies in mid 2017. The silver price is up around 10 per cent in the last 30 days.
At the company's copper-gold prospect (Nankivel), a survey with induced polarisation geophysics was completed in December 2016 with the results and refined targets expected this month. Follow up drilling the new targets is expected to commence soon after the consultant’s target recommendations are received. Disruption is affecting production at some of the world’s major copper mines which account for 10 percent of global supply. Permit issues at Grasberg in Indonesia, the threat of strike action at Escondida in Chile and the impact of floods in Peru could all lead to a disrupted start to copper supply in 2017, leading to a strengthening copper price.