"expected t/o that might pump this thing to 16-20cents hopefully"
G'Day Silv, been awhile mate, and see that you still hold. Interesting thread this one, it's all the rose coloured glasses, so they won't like what I have to say.
For others, I used to hold LT, and liked IVR, however a mate of mine did contract work for IVR and is a mate of Andrew's. He stated that whilst this has a solid silver load and easy to mine, it is YEARS AWAY from being a mine, so now I short term hold it.....might buy again tomorrow.
Silv, your statement above "expected t/o". Really? then you say "hopefully"? I don't think so; why?
It is an explorer and will remain so for years to increase the resource base, thus more CRs.
Low IRR
PEPR not started, or maybe just and years away (2-3)
EIS not stated
SA Govn Mining Approval not granted
And a personal one, to diversified once Andrew bought into tungsten. IMO, stay focused.
Having said all that, POS is on a tear and will lift the SP of IVR, I expect 10c easy. Without a crystal ball, we don't know the POS in 2-3yrs, but for the DFS the numbers should look good.
A T/O is just fantasy. Aquirers want projects either up and running, or have all their ducks in a line. IVR will have, but it is 2-3years away from BFS/FID.
AIMO, however with good guidance from a GEO.
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