Gees, who knows. Assuming the world doesn't implode and we don't see copper prices <$2 and gold <$1100, THEN, very back of the envelope: If Osbourne starts producing on scehdule (March 2012) then the stock should trade at $50/Gold Equiv Oz ($2.25). However, Osbourne is small. The real piece of data that will cause a re-rating is the scoping study on Mount Elliot which has 570Mt (due Q1 2012). If this looks good, then we could storm over $4. A boost in the prices for Moly and Rhenium will also help into the release of the Merlin PFS later this year, but don't hang your hat on that. And with all the cash about to be spent on drilling, it is highly likley that IVA's resources will increase materially. You have to remember that nothing much has changed with this company since it was trading at $3.49 in April of this year, except that it is now better funded. So I have no idea how high it could go or when, I just think it should be a lot higher than it is now.
IVA Price at posting:
92.1¢ Sentiment: LT Buy Disclosure: Held
