Back of an envelope calc says they have say around $2m (?) in the bank. When they were drilling they were burning around 800k/qtr. As they've stopped that, you would think that would see them through until next year easily? Providing the options stay in the money, I think they can wait for them to be exercised. (Unless they have some acquisition/development plans I suppose?) .. If on the other you're referring the spike in price,, the POS is a given.
IVR Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
