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
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