Thank you. There are still opportunities to buy in at these low prices and I've been averaging down all year and will be in the money this week around. .055 cents.
I look at it this way.
1.5 billion shares, 300 mm options. let's say 2 billion shares once converted and producing.
50 million ounce x $50.00 Au p /ounce = $ 2.5 billion dollars. The lead pays for the mining.
That's over $1.20 per share over the 7 year life of the mine. And that's if we find nothing more.
So it's worth $ 1.20 ÷ 7 = 18 cents at $50.00 per ounce AU.
IVR Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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