Whilst the prospect of IVA's mineralition continuing into MEP's ground is a positive thing, I wouldn't expect IVA to be the future cash cow to provide funding. Whilst IVA has commenced production, they seem to be having their own short term cash issues (see my post on IVA thread if interested).
Please don't take this as too negative, I believe in long term potential of MEP, just don't expect that much short term. Happy to be proven wrong.
If you happen to know, I would be interested to know if the ground adjecent to IVA is 100% MEP or subject to joint venture. I would actually be more positive if subject to JV - provided JV partner has capacity to fund to production.
MEP Price at posting:
16.5¢ Sentiment: None Disclosure: Held