Hey Sclurnge,My gut tells IVA might trade in this range for...

Hey Sclurnge,

My gut tells IVA might trade in this range for sometime yet, regardless if the company makes another discovery. I think the company making another big discovery like merlin is unlikely, and the recent discovery's haven't really pushed SP up at all.

The next SP uptrend for IVA I believe is when they start production sched for March 2012 but it will take time from that date for revenue to roll in. I can only make a rough
comparison to other companies that trend a similar chart.
One company in particular is WSA (Western areas)
for example 20c - $2.80 Exploration/ high grade nickle discovery $3.00- peak of $12.00 producing pre GFC/ $2.90 - $6.60 current SP

IMO I can see some traders leaving IVA for now to chase lower stock for greater upside knowing IVA is trading in that range and they can most likely comeback when IVA starts production.

Best of luck with your investments.