Yeah overall since March IRC hasn't been a great place to be as it continues to downtrend like most in the resource sectors .. will IRC turn around in 2019 I bloody well hope so >
Really since Teal camp toll treatment operations, it's been pretty darn average ...and I now think the merger angle is just IRC mgmt going in a completely different direction as they can't secure a decent rate to toll treat.. our many upcoming satellite oxide pits
Drilling just hasn't come across anything of a major size we can build a mid-cap producer on as of yet .... hoping more drilling will give us more hope ... blister dam more of the same another satellite project that will millions in more drilling might well be toll treated for a few million profit after AISC(inc exploration costs etc)
So 2019/20 plan grow Gold resource/reserve base 2moz-3moz merger adding lower grade 1.5g/t av ore target (1g/t cutoff )(IMHO brings down MRP Gold to 350koz) ..
then fingers crossed AUD GOLD goes nuts and passes 2k we get the likes of NGF making a low-ball offer 30c etc ...
IRC Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held