SUBPRIME - I admire your optimism in IVR striving to keep their timetable of a JORC by Christmas and I'd love to see it. Agreed that the assay turn around will be more expedient due to all core being assayed in Australia.
As todays announcement stated that all drilling will move from RCP to air core and it being much slower, I am of the view that a JORC is unlikely to be released in 2012.
It also appears that the company is now down to only one air core drill operating at present on Paris. If this is the case and the company are aware of possible extended timelines for the JORC then they should communicate this to the market ASAP or in the next quarterly to avoid shareholder disappointment as we approach the end of 2012 .
I wouldn't like to see a JORC rushed and consequently a postage stamp sized JORC published in lieu of a much larger area. Shareholders will punish IVR severely in such a case.
SUBPRIME - I admire your optimism in IVR striving to keep their...
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