Quite possible Goldie there's someone not wanting IVR to get a full head of steam. Greed is good they say.... Back of envelope here but this is why.. 57m oz at 25g/t cutoff. Base case $34.30 AUD silver. So a $40+ silver price may allow IVR to reduce cutoff grade a tad - if only to stockpile the ore as they get into production on the higher grade stuff - and let a naturally rising Ag price make the right AISC case to process that ore down the track. So this may be addressed in the DFS. The kicker here - and thus the interest in Apollo ore ( at only 5kms away) to get this project a few more years of mine life and get it to 100m ounces where it needs to be. AND if Uno Morgans turns up ore that can be added these two tenements may well make IVR a desirable ASX thing. We await !!
IVR Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
