I believe South American prospects have higher risk profiles due to shifting Geo-political currents and economic unrest, which will tax these mines higher and higher. This puts Canadian and Australian prospects in a better light, and its not the size of the resource, the profitability is why we're here.
Another attraction of IVR is Andrew's cut to the necessities management where the maximum of resources goes to the development of the projects, not swanky offices, unnecessary admin and directors.
This to all my observations is a well run, well positioned company and today at 4.6cents is well under priced.
Look at it this way. Once the DFS is out early next year, the Morgan's drilling results start coming in, and the Mollyhill earn in takes shape, and Silver can only rise from its current US price, where will the share price be in 6 months. I can't see anything but potential upside from here, other than an Aussie dollar rise against the US dollar, which is rather unlikely, seeing as the Australian economy now sadly consists of digging up dirt and selling it to China.
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