In talking with JP months ago with my worries of being taken over too cheaply if we do indeed prove up some major commercially profitable operations he didn't see it being an issue as 51%+ of the company is held by well-known mates
M.R, of course, has his office for RWD.asx in the same building as IRC and that why we have the same secretary.
M.R holds like over 30% of IRC shares.
Personal I hope someone takes out RWD cheap ..so IRC can cash out and M.R can free up even more funds and time to see IRC grow at a much quicker rate.
In a recent email, I was hopeful that JP and team would lift the drilling program for 2019 towards 100,00m+ as we saw at PXG to really get the projects JORC reserves defined.. but it seems that would mean a much larger team and added costs that weren't warranted at this stage ... and I guess the backlog at the labs/drill rig availability might will be thin on the ground these days of 1700oz AUD Gold
IRC Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held