Initially I agreed however since reading up on MRP it may be the potential of
Boorara which could have ~ 2m ozs of Au which has caught JP's eye .The ERA pre-diggers report of 25 Aug. 2017 covers Boorara. MRP claim also to have a super pit of silver-
not to be sneezed.
Seems MRP didn't have enough $$$ to fully check it out with extensive drilling programme
(merger likely more attractive rather than another capital raising).
NB- In MRP's announcements there is IMO just a "hint" that talks between IRC and MRP
"may" have been ongoing since Aug. 2018.IRC has of course not been mentioned merely
that MRP had a number of advanced potential development options for the project
with most statutory requirements completed already. http://www.mrpresources.com.au/downloads/announcements/mrp_2018080701.pdf
Can hardly wait for Tuesday's announcement on the proposed merger.
IRC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held