Ann: Maslins Project Update, page-13

Hello to all the IVR faithful.. 

3000m of DD.. anyone hazard a guess as to the cost / time involved to complete such a programme?  Rough guess would be $750k- 1.5M per hole @ 1 month approx per hole ? surely they would drill super slow as the depth increases 

with the target becoming more enticing with all the  geo physics, IVR could well be a target itself at this MC considering the potential drilling cost.. why not just have 100% and be done with it

JV would surely want 50% for say $5M spent over 12 months? Maybe up to 75% if they can provide an inferred resource within 2 years or spending another $5M if there is success with the first three holes ? Large JV partner would have access to far cheaper cost of drilling one would assume 

Or IVR need to get Rudy Gomez to swing past and have a look at the data.. maybe he would throw a few M$$$ at it for a %.. 

I'm on the sidelines but Maslins keeps me checkin in from time to time cos it looks like the M-lode right there in the corridor

GLTAH